Tyre maker MRF Ltd on Tuesday reported an 18.86 per cent decline in net profit at Rs. 170.87 crore for the quarter ended March, 2013.
The Chennai-based tyre manufacturer had posted a net profit of Rs.210.61 crore for the same period of the previous fiscal year.
However, net sales of the company rose to Rs. 3,297.40 crore for the second quarter as compared to Rs. 2,904.77 crore in the corresponding quarter a year ago, MRF said in a filing to the BSE.MRF follows September-October as its financial year.
The Chennai-based tyre manufacturer had posted a net profit of Rs.210.61 crore for the same period of the previous fiscal year.
However, net sales of the company rose to Rs. 3,297.40 crore for the second quarter as compared to Rs. 2,904.77 crore in the corresponding quarter a year ago, MRF said in a filing to the BSE.MRF follows September-October as its financial year.