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MRF Q2 profit falls 12.29% to Rs 263.04 crore

Press Trust of India  |  New Delhi 

Tyre Thursday posted a 12.29 per cent decline in its profit at Rs 263.04 crore for the quarter ended September 30, 2018, on account of higher expenses.

The company had reported a profit of Rs 299.92 crore during the same period of the previous fiscal.

Total income rose to Rs 4,004.85 crore for the quarter under review, up 9.41 per cent as compared with Rs 3,660.22 crore in the same period of the previous year, said in a regulatory filing.

Total expenses in the second quarter of this fiscal stood at Rs 3,611.19 crore, up 12.17 per cent, as against Rs 3,219.30 crore reported in the corresponding quarter a year ago.

The board of directors has also approved the payment of interim dividend of Rs 3 per share for the financial year ending March 31, 2019.

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

First Published: Thu, November 08 2018. 14:40 IST