MRF Ltd, the country's largest tyre manufacturer by sales,on Friday said its consolidated net profit declined by 18.78 per cent to Rs 143.44 crores in the financial year ended September 2008 compared to the previous fiscal.
The company had a consolidated net profit of Rs 170.38 crores for the financial year ended September 2007, MRF said in a filing to the Bombay Stock Exchange.
The company's total income rose to Rs 6,061.02 crores in FY'08 from Rs 4,413.34 crores in the last fiscal.
Besides, the board has declared a dividend of 200 per cent at the rate of Rs 20 on shares of face value of Rs 10 for FY'08.
On standalone basis, MRF's net profit for FY'08 stood at Rs 144.56 crores against that of Rs 171.78 crores in the previous fiscal.
The company's total income rose to Rs 6,046.91 crores in FY'08, from Rs 4,411 crores in a year ago.
Shares of MRF were trading at Rs 1,991.05, down 0.66 per cent on the BSE
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