MRF on Thursday reported a net profit of Rs 149.3 crore for the October-December period, down 71 percent on a year-on-year basis.

Its quarterly revenue, however, increased six percent on year to Rs 4,920 crore, according to a regulatory filing.

The tyre manufacturer posted Rs 493 crore in earnings before interest, taxes, depreciation and ammortisation (EBITDA) for the third quarter of the current financial year. That was down 49.5 percent compared with the corresponding period a year ago.

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MRF's margin came down to 10 percent in the October-December period, from 21 percent in the year-ago period.

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The company's total expenses increased 19.2 percent on a year-on-year basis to Rs 4,787.3 crore. The cost of material consumed went up 14.4 percent on year.

The company's board announced a second interim dividend, of Rs 3 per share, for the financial year ending March 2022.

MRF shares declined 0.8 percent to settle at Rs 69,830 apiece on BSE after the earnings announcement.

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The stock has declined 28.1 percent in the past one year, as against the Nifty50's 16.2 percent gain.

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(Edited by : Sandeep Singh)