18 Nov 2018 | 1:42 AM

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COMPANYNEWS
MRF Q2 profit falls 12.29% to Rs 263.04 crore
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Published on 11-09-2018
Tyre major MRF Thursday posted a 12.29 per cent decline in its profit at Rs 263.04 crore for the quarter ended September 30 2018 on account of higher expenses.


The company had reported a profit of Rs 299.92 crore during the same period of the previous fiscal.


Total income rose to Rs 4004.85 crore for the quarter under review up 9.41 per cent as compared with Rs 3660.22 crore in the same period of the previous year MRF said in a regulatory filing.


Total expenses in the second quarter of this fiscal stood at Rs 3611.19 crore up 12.17 per cent as against Rs 3219.30 crore reported in the corresponding quarter a year ago.


The board of directors has also approved the payment of interim dividend of Rs 3 per share for the financial year ending March 31 2019.