Tyre maker MRF Ltd on Thursday reported a 17 per cent rise in consolidated net profit from continuing operations at Rs 174.83 crore for the third quarter ended December 31, 2022.
The company had posted a consolidated net profit from continuing operations at Rs 149.39 crore in the same quarter last fiscal, MRF Ltd said in a regulatory filing.
Consolidated revenue from operations during the period under review stood at Rs 5,644.55 crore, as against Rs 4,920.13 crore in the year-ago period, it added.
Total expenses were higher at Rs 5,484.72 crore in the third quarter, as compared to Rs 4,787.33 crore in the corresponding period a year ago.
The board of directors has declared a second interim dividend of Rs 3 per equity share (at 30 per cent) for the financial year ending March 31, 2023, MRF Ltd said.
Also Read: Apollo Tyres reports strong Q3 numbers, keeps brokerages upbeat on the stock
The company further said its board has also approved the re-appointment of Arun Mammen as its Managing Director with the designation "Vice Chairman & Managing Director" for a period of five years with effect from April 1, 2023.
Approval of the shareholders will be sought for the re-appointment through postal ballot, it added.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
