Tyre major MRF on Monday posted Net profit to Rs 679.02 crore for the final quarter finished March 31. The organization had detailed a net benefit of Rs 293.93 crore for a similar time of 2018-19 financial.
Income from Operations remained at Rs 3,685.16 crore as contrasted and Rs 4,137.67 crore in a similar time of 2018-19, MRF Ltd NSE – 1.90 % said in an administrative documenting.
For 2019-20 financial, the organization posted a combined net benefit of Rs 1,422.57 cr crore as against Rs 1,130.61 crore in 2018-19.
Income from activities for last financial remained at Rs 16,239.36 crore when contrasted with Rs 16,062.46 crore in 2018-19.
The tyre business has been confronting market request issues radiating from the emergency that the vehicle part has been going up against for quite a while, the organization said.
In any case, the administration’s declaration of putting limitations on the import of tires is probably going to be of monstrous assistance to the business at a troublesome time.
The organization’s board suggested a last profit of Rs 94 for each offer for the year finished March 31.
With two between time profits of Rs 3 each paid during the year, the total profit for the last money related year is Rs 100 each per value portion of Rs 10 each.
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