MRF, a major tyre manufacturing company, on February 11, reported a 115.71% rise in its consolidated net profit to Rs 5,205.4 million for the quarter-ended December.

The company had posted a net profit of Rs 2,413.2 million for the corresponding period of the previous fiscal.

Net sales of the company grew 13.88% to Rs  46,416 million for the quarter compared to Rs 40,757.5 million for the same period a year ago.

Total expenses increased 6.23% to Rs 40,149.1 million for the quarter compared to Rs  37,794.5 million for the same period a year ago.

MRF EPS has increased to Rs 1227.36 in December 2020 from Rs 569 in December 2019.

The Board of Directors has approved the payment of second interim dividend of Rs.3 a share payable to Shareholders as on the record date Feb.19, 2021.