MRF Q1 net up fivefold to ₹581 cr. on increase in sales volume
The Hindu
Chennai MRF Ltd. reports fivefold increase in net profit to ₹581 crore in June quarter due to higher sales and lower material costs. Revenue from operations rose 13% to ₹6,323 crore.
MRF Ltd., standalone net profit for the June quarter rose more than fivefold to ₹581 crore over the year earlier period due to increase in sales volume and softening of input costs.
Revenue from operations increased by 13% to ₹6,323 crore, material costs declined to ₹3,722 crore from ₹4,043 crore, the tyre major said in a regulatory filing.
The result included subsidy/incentive of ₹7.28 crore received from State Governments.
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