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MRF has posted a 12.29 per cent decline in its net profit at Rs 263.04 crore for the quarter ended September 30, 2018, on account of higher expenses. The company had reported a net profit of Rs 299.92 crore during the same period of the previous fiscal.
Total income rose to Rs 4,004.85 crore during the quarter under review, up 9.41 per cent, compared with Rs 3,660.22 crore in the same period of the previous year, MRF said in a regulatory filing today.
Total expenses stood at Rs 3,611.19 crore, up 12.17 per cent, against Rs 3,219.30 crore reported in the corresponding quarter a year ago. The board of directors has also approved interim dividend of Rs 3 per share for the financial year ending March 31, 2019.
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