ResultsCNBC-TV18
CLSA sees 32% upside for MRF despite margin pressure
Negative-40Company event
GreyOak summary
MRF Ltd reported a 28% drop in net profit to ₹369 crore in Q2 FY27, driven by a 73 bps contraction in EBITDA margins due to higher raw material costs. While revenue grew 18% YoY, CLSA maintains an 'outperform' rating with a ₹1,65,238 target, expecting profitability to improve in FY28 as crude prices moderate and price hikes realize.
What it affects
- MRFNegative -40
Net profit fell 28% due to margin pressure.Rolling sentiment Negative -61
Source
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