Net profit of MRF declined 78.30% to Rs 106.53 crore in the quarter ended June 2017 as against Rs 490.93 crore during the previous quarter ended June 2016. Sales rose 2.43% to Rs 3566.61 crore in the quarter ended June 2017 as against Rs 3481.97 crore during the previous quarter ended June 2016.

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MRF will hold a meeting of the Board of Directors of the Company on 4 August 2017.

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MRF announced that the Board of Directors of the Company at its meeting held on 4 May 2017, inter alia, have recommended the final dividend of Rs 54 per equity Share (i.e. 540%) , subject to the approval of the shareholders.

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Net profit of MRF declined 32.28% to Rs 286.77 crore in the quarter ended March 2017 as against Rs 423.46 crore during the previous quarter ended March 2016. Sales declined 1.42% to Rs 3338.44 crore in the quarter ended March 2017 as against Rs 3386.48 crore during the previous quarter ended March 2016.

For the full year,net profit declined 41.34% to Rs 1451.08 crore in the year ended March 2017 as against Rs 2473.90 crore during the previous year ended March 2016. Sales declined 33.40% to Rs 13245.81 crore in the year ended March 2017 as against Rs 19887.24 crore during the previous year ended March 2016.

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