Tyre maker MRF Ltd on Wednesday reported a marginal 1.29 per cent increase in standalone net profit at Rs. 230.22 crore for the third quarter ended June 30, 2014.
The Chennai-based tyre manufacturer had posted a net profit of Rs. 227.28 crore in the same period last fiscal.
Net sales of the company rose 9.39 per cent to Rs. 3,335.30 crore in the third quarter as compared to Rs. 3,048.85 crore in the same period a year ago, MRF Ltd said in a filing to the BSE.
Overall expenses during the quarter stood at Rs. 2,954.21 crore as against Rs. 2661.45 crore in the year-ago period.
The company, which follows October-September as its financial year, also said its board has declared an interim dividend of Rs. 3 per equity share.
MRF shares ended at Rs. 24,651.10 apiece on the BSE, up 7.27 per cent from its previous close.
