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MRF reports 31% fall in Q2 consolidated net profit

08 Nov 2022 Evaluate

MRF reported results for second quarter ended September 30, 2022.

The company has reported fall of 32.39% in its net profit at Rs 123.99 crore for Q2FY23 as compared to Rs 183.38 crore for the corresponding quarter previous year. However, total income of the company increased by 17.78% to Rs 5,795.35 crore for the quarter under review as compared to Rs 4,920.31 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of 31.31% in its net profit at Rs 129.86 crore for the quarter under review as compared to Rs 189.06 crore for the same quarter in the previous year. However, total income of the company increased by 18.15% to Rs 5,903.38 crore for the quarter under review as compared to Rs 4,996.63 crore for the same quarter in the previous year.

Peers
Company Name CMP
MRF 124570.90
Apollo Tyres 405.95
JK Tyres & Inds. 355.25
Ceat 3433.10
Balkrishna Inds. 2198.45
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