Millennium Post

MRF April-June net speeds 57.22%

Tyre major MRF Ltd on Thursday reported a 57.22 per cent increase in standalone net profit to Rs 227.28 crore for the third quarter ended 30 June.

The Chennai-based company had posted a standalone profit of Rs 144.56 crore in the same period a year earlier, MRF said in a filing to the BSE.
Standalone income stood at Rs 3,051.46 crore in the April-June quarter, compared with Rs 3,008.27 crore in the same period of the previous financial year.

In a separate BSE filing, MRF said its board of directors declared an interim dividend of Rs 3 per share for the year ending 30 September, which will be paid after 19 August.The company follows October-September financial year.
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