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MRF net profit rises 2.13 pc at Rs 273.27 cr in June quarter

Press Trust of India  |  New Delhi 

Tyre major MRF Ltd on Friday reported a 2.13 per cent rise in consolidated net profit to Rs 273.27 crore for the first quarter ended June 30.

The company had posted a consolidated net profit of Rs 267.56 crore in the corresponding period last fiscal, MRF Ltd said in a regulatory filing.

Its consolidated total income during the June 2019 quarter stood at Rs 4,576.66 crore as compared to Rs 3,954.51 crore in the year-ago quarter it added.

Total expenses were at Rs 4,158.85 crore, against Rs 3,550.57 crore a year ago, it added.

Cost of materials consumed stood at Rs 2,633.21 crore as compared to Rs 2,348.66 crore in the first quarter last fiscal, the company said.

MRF Ltd's shares ended the day at Rs 57,050 apiece, up 4.20 per cent from the previous close on the BSE.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 09 2019. 16:15 IST