MRF Q4 net up 72% at Rs 317 cr

Tyre maker MRF Ltd today posted 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 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 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.

The 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.
MRF scrip closed at Rs 33,010.65, up 4.14 per cent, on the BSE.