ResultsNDTV Profit
MRF profit falls 28% amid raw material and logistics costs
GreyOak summary
MRF Ltd reported a 27.8% drop in net profit to Rs 369 crore in Q2FY27 due to soaring raw material prices and logistics disruptions. Despite a 17.6% rise in revenue, EBITDA margins contracted to 10.7%. The company is implementing price hikes and cost-cutting measures, while declaring an interim dividend of Rs 3 per share.
What it affects
- MRFNegative -46
Profit fell 28% due to raw material costsRolling sentiment Negative -61
Source
Read the original at NDTV ProfitMore MRF news
- Citi sets MRF target at Rs 1,65,238 with 30% upsideMint · Results ·
- MRF shares gain after Q2 results; Centrum bullishBusiness Standard · Results ·
- MRF shares fall after heavy raw material costs push Q2 profit downEconomic Times · Results ·
- CLSA sees 32% upside for MRF despite margin pressureCNBC-TV18 · Results ·
- Top stocks to watch today: Cochin Shipyard, MRF, Tata Power shares in focus on Wednesday, 11 November | Full listMint · Results ·