MRF LTD – 20.4 percent year-on-year increase in net Profit

MRF LTD - 20.4 percent year-on-year increase in net Profit

Tyre Manufacturer MRF LTD posted a 20.4 percent year-on-year increase in net profit at Rs 345.32 crore in the fourth quarter (ended 31 March 2018).

“In the last fiscal, the introduction of the landmark Goods and Services Tax (GST) brought in some uncertainties as businesses adjusted to the new tax regime,” MRF said.