MRF Q3 net profit rises three-fold to Rs 144 cr

Tyre major MRF today posted a three-fold increase in net profits to Rs 144.56 crore for the third quarter ended June 30, 2012.

The Chennai-based company's said its net profits grew to Rs 144.56 crore from Rs 31.95 crore in the year-ago period, a growth of 352.4%.

Total income for the quarter stood at Rs 3,008.27 crore against Rs 2,573.06 crore, it said in a filing to the BSE.

For the nine-month period ended June 30, net profits rose 81.9% to Rs 407.59 crore from Rs 223.98 crore in the same period last year.

Total income grew to Rs 8,876.56 crore from Rs 7,123.38 crore during the nine-month period.

The company said its board of directors have approved an interim dividend of Rs 3 per equity share.

Shares of the company closed at Rs 10,151 apiece, up 2.05% over the previous close on the BSE.