Leading Indian tyre manufacturer, MRF, recently reported a loss of 18 percent in standalone net profit at the end of the quarter ended on 31st December, 2018. The profit stood at INR. 279.26 crore and it is learnt that the loss was incurred due to the overall increase in the expenses. The Chennai-based company had earlier reported a net profit of INR. 340.51 crore in the same quarter (October-December 2017-2018) last year.
However, the good news is that the revenue from operations rose to INR. 4,033.76 crore for the quarter reviewed. Whereas, last year during the same quarter it stood at INR. 3,798.82 crore, MRF said in a regulatory filing.
The company also reported that total expenses in the third quarter increased to INR. 3,750.25 crore, which was INR. 3,331.14 crore during the same period last year. The board of company also recommended an interim dividend of INR. 3 per share during their recent meeting.
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Author: Ankit verma
My need for speed began at a very early age and I realised this as soon as I got my first bicycle at the age of 8. When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. As of today I’m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life.
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