MRF announced that the Board of Directors of the Company at its meeting held on 8 November 2018, inter alia, have recommended the interim dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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MRF has fixed 20 November 2018 as the Record Date for the purpose of Payment of Interim Dividend.

The Interim Dividend declared will be paid on or after 28 November 2018.

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The result was announced on Thursday, 8 November 2018. Stock markets were shut on 8 November 2018 on account of Diwali Balipratipada.

Meanwhile, the S&P BSE Sensex was down 120.62 points, or 0.34% to 35,117.06.

On the BSE, 203 shares were traded in the counter so far compared with average daily volumes of 500 shares in the past two weeks. The stock had hit a high of Rs 65,222 and a low of Rs 64,571.60 so far during the day. The stock hit a 52-week high of Rs 81,423 on 30 April 2018. The stock hit a 52-week low of Rs 59,494.60 on 8 October 2018.

MRF is engaged in the manufacture and sale of automotive tires.

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Net profit of MRF declined 12.30% to Rs 263.04 crore in the quarter ended September 2018 as against Rs 299.92 crore during the previous quarter ended September 2017. Sales rose 9.39% to Rs 3928.16 crore in the quarter ended September 2018 as against Rs 3591.11 crore during the previous quarter ended September 2017.

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