MRF reports a whopping of 73% profit in Q4

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oi-Monika

By Monika Nihalani

Published: Wednesday, November 30, 2011, 13:47 [IST]

MRF, a leading tyre firm reported a whopping of 73% profit for the fourth quarter ended September 30.

MRF's profit stood at Rs 619.42 crore during the quarter against Rs 353.98 crore reported a corresponding quarter a year ago.

The company's net sales rose to Rs 9,743.98 crore as against Rs 7,458.73 crore a year ago.

The company's board has recommended a final dividend of Rs 19 per share, in addition to 2 interim dividends of Rs 3 per share. Adding all, the dividend would works out to be Rs 25 per equity share of Rs 10 for the year ended September 30 2011, the company said in a statement.

MRF's scrip zoomed on the bourses after company announced its last quarter results.

At 1:40 pm IST, the stock was seen up by 0.27% or 18.65 points to 6,950.10 on the Bombay Stock Exchange.

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