Business

MRF Q3 net skids 17.18% on slowdown

Firm declares second interim dividend of ₹3 a share

Tyre major MRF Ltd.’s consolidated net profit from continuing operations for the third quarter ended December 2019 dipped 17.18% year-on-year to ₹241 crore on economic slowdown.

Net profit in the second quarter of the current fiscal stood at ₹227 crore.

During the period under review, total income y-o-y dipped 1.68% to ₹4,150 crore. Compared with the second quarter of FY20, total income had risen by ₹46.65 crore. The company managed to bring down its expenditure for Q3 y-o-y to ₹3,779 crore from ₹3,801 crore. The board declared a second interim dividend of ₹3 per equity share. It will be paid by March 3.

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Printable version | Mar 29, 2020 5:51:07 PM | https://www.thehindu.com/business/mrf-q3-net-skids-1718-on-slowdown/article30785510.ece

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