Comments
Tyre major MRF posted a net profit of ₹273 crore for the first quarter of FY20. The net profit marks a 2.13 per cent increase from the previous year’s ₹268 crore. Revenue from operations of the company grew by 15 per cent to ₹4,471 crore during the quarter under review against ₹3,883 crore recorded during the comparable period the previous year. Profit before tax on a year-on-year basis for the June quarter grew by 3.43 per cent to ₹418 crore (₹404 crore). Total expenses grew by 17 per cent to ₹4,159 crore (₹3,551 crore). Of the total expenses, cost of materials consumed stood at ₹2,633 crore (₹2,349 crore).
Comments
COMMENT NOW
Comments
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 TheHindu Businessline 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.