Tyre maker MRF Ltd has posted a 57 per cent rise in the third quarter net profit at Rs 227 crore against Rs 144 crore in the previous corresponding quarter. Total income increased marginally to Rs 3,051 crore (Rs 3,008 crore).
MRF follows an October-September financial year.
In a notification to the stock exchange, the company said production at its Kottayam plant has been affected due to a pending long-term wage settlement. This has no material effect on the performance of the company, it said.
The board of directors of MRF has declared an interim dividend of Rs 3 per equity share for the year ending September 30, 2013. It will be paid on or after August 19, 2013.