Tyre major MRF on Thursday reported a profit of Rs 511.72 crore during the quarter ended December 31, 2020, as compared to Rs 236.63 crore in the year ago period. It saw an increase of around 116 percent.
Total revenue rose to Rs 4,567 crore from Rs 4008.89 crore in the year ago period, an increase of around 14 per cent, MRF said in a regulatory filing.
Meanwhile, the company’s stock, which was trading at around Rs 97,000 on Thursday morning, dropped to Rs 94,428.10 after the results were announced.