MRF Q3 net up 19% at Rs 388 cr

However, total income Company's income decreases by 2.9 %

Tyre manufacturer MRF Ltd has posted a net profit of Rs 388.1 crore for the quarter ended December 31, 2015 as compared to Rs 323.5 crore for the quarter ended December 31, 2014, an increase of 19%.

However, the total Income decreased 3% from Rs 3,378.6 crore for the quarter ended December 31, 2014 to Rs 3,283.4 crore for the quarter ended December 31, 2015.

On Monday, the company's scrip on BSE closed 1.5% lower at Rs 35,710.