MRF Q3 net dips by 71.49% to ₹145.85 crore
The Hindu
Total expenditure grew by ₹751 crore to ₹4,701.55 crore
Leading tyre manufacturer MRF Ltd. standalone net profit for the third quarter ended December contracted by 71.49% to ₹145.85 crore, due to higher raw material prices and changes in inventories of finished goods.
During the period under review, revenue from operations rose 6% to ₹4,830 crore. Total expenditure grew by ₹751 crore to ₹4,701.55 crore.
Cost of materials consumed increased by 14% to ₹2,989 crore. Changes in inventories of finished goods saw a loss of ₹106 crore against a gain of ₹224 crore, it said in a regulatory filing.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.