ResultsBusinessLine
MRF profit falls 28% as costs bite
GreyOak summary
MRF reported a 28% drop in second-quarter profit to ₹369 crore, down from ₹512 crore a year ago. Higher raw material costs, driven by Middle East conflicts and supply shortages, outweighed strong tyre demand. The company declared an interim dividend of three rupees per share.
What it affects
- MRFNegative -50
Profit fell 28% due to higher costs.Rolling sentiment Negative -61
Source
Read the original at BusinessLineMore MRF news
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