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MRF Ltd net profit surges 361% to ₹571.9 crore in Q2


Mumbai: MRF Ltd on Friday reported a 361% year-on-year (YoY) increase in net profit to 571.9 crore for the second quarter of FY24 from 123.9 crore in the same quarter last year. The profit figure missed Bloomberg analysts’ estimate of 587.8 crore.

Revenue rose by 6% to 6,087.56 crore during the quarter from 5,719 crore last year. The board of directors also declared an Interim dividend of 3 per equity share.

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Updated: 03 Nov 2023, 01:00 PM IST

Joanna Swanson

Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.