The company had posted a net profit of Rs 119.41 crore for the October-December quarter last fiscal, MRF said. The decline in the company’s bottomline came despite a sharp rise in MRF’s net sales to Rs 2,165.80 crore in the December quarter from Rs 1,653.84 crore in the same period last year, it added. Shares of MRF were trading at Rs 5,661 on the BSE today, up 1.69 per cent from the previous close.
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