ResultsMoneycontrol
MRF Q2 net profit falls 28% to Rs 369 crore
GreyOak summary
MRF Ltd reported a 28% decline in Q2 net profit to Rs 369 crore, while revenue rose 18% to Rs 8,524 crore. Higher raw material costs, driven by supply shortages and the war in West Asia, increased expenses by over 22%. The company declared an interim dividend of Rs 3 per share.
What it affects
- MRFNegative -51
Net profit fell 28% due to higher costsRolling sentiment Negative -61
Source
Read the original at MoneycontrolMore MRF news
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