MRF Limited Q2 Net profit jumps 351% YoY to Rs 586 crore

HomeStock MarketMRF Limited Q2 Net profit jumps 351% YoY to Rs 586 crore

Published on

November 3, 2023

MRF Limited reported a 351.76% increase in consolidated net profit for the quarter ending September 30, reaching Rs 586.66 crore, compared to Rs 129.86 crore in the same period last year.
Revenue from operations for Q2FY24 was Rs 6,217.10 crore, representing a 6.70% increase compared to Rs 5,826.30 crore year-on-year.
On a quarter-on-quarter basis, revenue from operations decreased by 3.46% from Rs 6,440.29 crore in Q1FY24.
The company declared an interim dividend of Rs 3.
Total income for Q2FY24 amounted to Rs 6,287.82 crore, an increase of 6.51% compared to Rs 5,903.38 crore year-on-year.
On a quarter-on-quarter basis, total income decreased by 3.48% from Rs 6,514.98 crore in Q1FY24.