Companies

MRF reports 79 per cent rise in profit at Rs 411 cr

PTI New Delhi | Updated on November 06, 2020

Tyre major MRF Ltd on Friday reported a 79 per cent jump in consolidated profit from continuing operations at Rs 410.92 crore for the quarter ended September 30, 2020.

The company had posted a consolidated profit from continuing operations at Rs 228.96 crore in the year-ago period.

Consolidated revenue from operations during the period stood at Rs 4,244.43 crore as against Rs 4,007.63 crore in the same quarter of last fiscal, it added.

Total expenses during the period was lower at Rs 3,717.62 crore as compared to Rs 3,760.80 in the second quarter of the last fiscal. Cost of materials consumed was lower at Rs 2,271.82 crore as compared to Rs 2,425.75 crore in the year-ago period.

Employee benefits’ expense was marginally higher at Rs 339.99 crore in the second quarter as against Rs 336.20 crore in the corresponding period last fiscal, it added.

Published on November 06, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like