ResultsBusiness Standard
MRF Q2 profit falls 28% to Rs 369 crore as costs rise
GreyOak summary
MRF's second-quarter profit dropped 28% to ₹369 crore, down from ₹512 crore a year ago, primarily due to a 44% surge in material costs linked to the Middle East war. While revenue grew 18% and demand remained resilient, higher expenses squeezed margins. Peers JK Tyre and CEAT also reported lower earnings from similar cost pressures.
What it affects
- MRFNegative -51
Profit fell 28% to ₹369 croreRolling sentiment Negative -61
Source
Read the original at Business StandardMore MRF news
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