ResultsEconomic Times
MRF Q2 net profit drops 23% on higher costs
Negative-51Company event
GreyOak summary
MRF Ltd reported a 22.8% decline in Q2 net profit to Rs 417.19 crore, down from Rs 540.13 crore a year ago. Revenue grew 17.4% to Rs 8,660.19 crore, but a 43.2% surge in material costs offset gains. The company expects continued volatility in commodity markets and declared an interim dividend of Rs 3 per share.
What it affects
- MRFNegative -51
Net profit fell 23%Rolling sentiment Negative -61
Source
Read the original at Economic TimesMore MRF news
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