Tyre major MRF Thursday posted 14.91 per cent decline in its standalone net profit at Rs 293.83 crore for the fourth quarter of 2018-19 fiscal.
The company had posted a net profit of Rs 345.32 crore in the year-ago period.
Revenue from operations, however, rose to Rs 4,073.45 crore during the fourth quarter as compared with Rs 3,835.50 crore in the same period of 2017-18, MRF said in a regulatory filing.
For the 2018-19 fiscal, the company reported a net profit of Rs 1,096.87 crore, up marginally from Rs 1,092.28 crore in 2017-18.
Revenue from operations rose to Rs 15,837 crore in 2018-19 fiscal as compared with Rs 15,181.05 crore in 2017-18.
The company's board recommended a final dividend of Rs 54 per share, which along with two interim dividends of Rs 3 each already paid, works out to Rs 60 per share for the year ended March, 31 2019.
MRF shares were trading 0.42 per cent down at Rs 52,701 a piece on the BSE.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)