MRF reports Rs 802 crore profit, declares Rs 24 in dividend

Automobile tyre firm MRF said it has closed the last financial year with a growth in net profit of Rs 230 crore compared to previous year and its board has recommended a final dividend of Rs 24 per share.

In a statement, the company said it closed the financial year ending September 30, 2013 with a total income of Rs 13,482 crore and a net profit of Rs 802 crore up from a total income and net profit of Rs 13,094 crore and Rs 572 crore, respectively logged the previous year.

During the period under review, the company's exports totaled Rs 1,293 crore as against Rs 1,281 crore for the previous year.

The company's board recommended a final dividend of Rs 24 per share. With two interim dividends of Rs 3 each paid earlier in the year, the total dividend for the year ended September 30 stands at Rs 30 per share.