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Strong sales drives MRF Ltd. Q2 net up by fivefold – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services
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Strong sales drives MRF Ltd. Q2 net up by fivefold

Strong sales drives MRF Ltd. Q2 net up by fivefold

Strong sales drove MRF Ltd.’s consolidated net profit for the September quarter up by almost fivefold to ₹587 crore over the same period last year.

Revenue from operations grew by 7% to ₹6,217 crore. Cost of materials slid to ₹3,749 crore from ₹4,161 crore, the tyre major said in a statement.

On a standalone basis, the company posted a net profit of ₹572 crore (₹124 crore) and revenue from operations of ₹6,088 crore against ₹5,719 crore.

The board declared an interim dividend of ₹3 per share and it will be payable by November 30.

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