MRF Q4 net up 72% at Rs 317 cr, to pay final dividend of Rs 44
New Delhi: Tyre maker MRF Ltd today posted a 72.14 per cent increase in net profit at Rs. 316.91 crore for its fourth quarter ended September 30 on account of robust sales.
The company had posted a net profit of Rs. 184.10 crore during the same period of the previous fiscal.
Net sales of the company rose to Rs. 3,359.91 crore for the fourth quarter 2013-14, as against Rs. 3,145.70 crore in the same period of the previous fiscal.
MRF follows the September-October period as its financial year.
The Chennai-based tyre manufacturer posted a net profit of Rs. 897.89 crore for its financial year ended September 30, up 11.92 per cent from Rs. 802.21 crore in 2012-13.
Net sales rose to Rs. 13,189.73 crore for 2013-14, as against Rs. 12,122.79 crore in the previous fiscal.
MRF's board, which met today, recommended a final dividend of Rs. 44 per share on the paid-up capital as on September 30, 2014.
The tyre maker has already paid two interim dividends of Rs. 3 each per share during the year.