Tyre maker MRF reports 54% decline in Q2 net profit at Rs 189 crore

Tyre maker MRF on Tuesday reported 53.99 per cent decline in consolidated net profit at Rs 189.06 crore for the second quarter ended September 30, 2021.

The company had posted a net profit of Rs 410.92 crore in July-September period of the previous fiscal year.

Revenue from operations rose to Rs 4,907.81 crore in the second quarter as compared with Rs 4,244.43 crore in the year-ago period, MRF said in a regulatory filing.

The company said its board has declared an interim dividend of Rs 3 per equity share (30 per cent) for the financial year ending March 31, 2022.

The interim dividend will be paid on or after December 3, 2021, it added.

The company's shares were trading 1.79 per cent down at Rs 78,427.25 apiece on the BSE.