Strong sales drives MRF Ltd. Q2 net up by fivefold

November 03, 2023 07:43 pm | Updated 07:43 pm IST - CHENNAI

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.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.