MRF net profit rises 2.13%

Tyre major MRF Ltd reported a 2.13 per cent rise in consolidated net profit to Rs 273.27 crore for the first quarter ended June 30.

The company had posted a consolidated net profit of Rs 267.56 crore in the corresponding period last fiscal, MRF Ltd said in a regulatory filing.

Its consolidated total income during the June 2019 quarter stood at Rs 4,576.66 crore as compared to Rs 3,954.51 crore in the year-ago quarter it added.

Total expenses were at Rs 4,158.85 crore, against Rs 3,550.57 crore a year ago, it added.

Cost of materials consumed stood at Rs 2,633.21 crore as compared to Rs 2,348.66 crore in the first quarter last fiscal, the company said.