Categories Earnings, Other Industries

Earnings: MRF’s Q2 profit dips than analysts expectation

MRF tyres (NSE: MRF) posted its second-quarter 2022 results today after the market hours.

The company reported a 53.99% decline in consolidated net profit at ₹189.06 crores versus a net profit of ₹410.92 in the second quarter of the previous year.

MRF’s revenue from operations increased to ₹4,907.81 crores in the second quarter as compared with ₹4,244.43 crores in the year-ago period.

The company board has declared an interim dividend of ₹3 per equity share for the financial year ending March 31, 2022.

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