MRF Ltd has reported a leap in its sales and net profits for the three months to the end of March.
India’s largest tyre maker said that net sales for the period jumped to INR17.67bn (US$397m), from INR14bn in the same period last year.
Net profits for the period stood at INR958.2m up from the INR686m reported last year.
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Society president Pawan Goenka said he expected growth of 10-15% provided there were no “major surprises”.