MRF Shares Soar 8.5% as Q3 Profit Doubles to Rs 692 Crore

• MRF shares jumped over 8.5% on Friday, settling at Rs 1,46,495.05 on BSE.
• The tyre maker reported a twofold increase in consolidated net profit to Rs 692 crore for the December quarter.
• This is a significant rise from Rs 315 crore profit in the same quarter last fiscal.
• Revenue from operations grew to Rs 8,050 crore, up from Rs 7,001 crore year-on-year.
• Robust sales were driven by increased demand in both original equipment and replacement markets, aided by GST rate reduction and a strong rural economy.