MRF Q1 net up 80 %

MRF has reported 4.8 per cent growth in its total income from operations (net) to Rs.3,353.01 crore in the first quarter ended December 31, 2014, up from Rs.3,200.57 crore in the same period in the previous year. The net profit has risen by 80 per cent to Rs.323.51 crore from Rs.179.89 crore. Net earnings per share stood at Rs.762.78 (Rs.10 face value) against Rs.424.17 in the year-ago period.

The board of directors,at a meeting held on Thursday, appointed Dr. Cibi Mammen as additional director of the company with immediate effect. She will serve as the women director on the board. K. M. Philip, whose tenure as whole-time director is expiring on March 31, will be stepping down on March 31, 2015, the company informed the stock exchanges.