MRF Q4 net profit up 13% to Rs 376 cr

New Delhi: Tyre manufacturer MRF reported a 13.01 % rise in its net profit at Rs 375.9 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 332.6 crore in the same period a year ago. Total income  rose to Rs 3,456.4 crore, MRF said in a regulatory filing. “The worst seems to be over for the heavy commercial vehicle industry and the current production trends indicate an upswing. This augers well for the replacement market demand in the long term,” the company said. The two-wheeler and passenger car segments continued to be flat in view of low demand from rural India and it is expected that a normal monsoon may revive demand, it added.