MRF Q3 net surges 94% to Rs 447 crore

Total income from operations of the company on standalone basis was up 6.05%

Press Trust of India New Delhi
Last Updated : Jul 27 2015 | 5:53 PM IST
Tyre manufacturer MRF today reported a 94.07 per cent surge in standalone net profit at Rs 446.81 crore for the third quarter ended June 30.

The Chennai-based firm had posted a net profit of Rs 230.22 crore for the same period during the previous fiscal.

Total income from operations of the company on standalone basis was up 6.05 per cent to Rs 3,538.95 crore compared with Rs 3,336.98 crore in the same period of previous fiscal, MRF said in a BSE filing.

MRF follows September-October as its financial year.

ALSO READ: MRF Q2 net surges 95% to Rs 333 crore


Meanwhile, in a separate filing the company informed BSE that its Board has decided to change the financial year of the company from "October-September" to "April-March" and for that it is extending the current fiscal for six months.

"Accordingly, the current financial year of the Company shall be extended up to March 31, 2016 covering a period of 18 months commencing from October 01, 2014 to March 31, 2016, subject to further approval from the Registrar of Companies, Chennai," MRF said.

It also that its Board has declared an interim dividend of Rs 3 per equity share for the period ending March 31, 2016.

Shares of MRF ended the day at Rs 39,017.65, up 1.27 per cent on BSE today.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 27 2015 | 3:56 PM IST

Next Story