MRF Q4 net profit drops 15% to Rs 294 crore

NEW DELHI: Tyre major MRF Thursday posted 14.91 per cent decline in its standalone net profit at Rs 293.83 crore for the fourth quarter of 2018-19 fiscal.

The company had posted a net profit of Rs 345.32 crore in the year-ago period.

Revenue from operations, however, rose to Rs 4,073.45 crore during the fourth quarter as compared with Rs 3,835.50 crore in the same period of 2017-18, MRF said in a regulatory filing.


For the 2018-19 fiscal, the company reported a net profit of Rs 1,096.87 crore, up marginally from Rs 1,092.28 crore in 2017-18.

Revenue from operations rose to Rs 15,837 crore in 2018-19 fiscal as compared with Rs 15,181.05 crore in 2017-18.

The company's board recommended a final dividend of Rs 54 per share, which along with two interim dividends of Rs 3 each already paid, works out to Rs 60 per share for the year ended March, 31 2019.

MRF shares were trading 1.47 per cent down at Rs 52,149 apiece around 3 pm on the BSE.