MRF NET PROFIT
MRF shares fall after heavy raw material costs push Q2 profit down. Why Motilal Oswal screams Sell
MRF reported a 27% YoY decline in Q2 consolidated net profit to Rs 387 crore, as a 43% surge in raw material costs offset 17% revenue growth to Rs 8,660 crore. Motilal Oswal maintained its ‘Sell’ rating with a target price of Rs 1.05 lakh, citing margin pressure, rising input costs and demand concerns.
Higher input costs drag MRF Q2 net profit down 23%
Tyre maker MRF Ltd reported a 22.8% decline in net profit for the July-September quarter. Revenue from operations saw a growth of 17.4%, reaching Rs 8,660.19 crore compared to the previous year. However, total expenses also rose significantly, driven by sharp increases in raw material costs. The company announced an interim dividend of Rs 3 per share to its shareholders.
Stocks in news: Cochin Shipyard, Kalyan Jewellers, MRF, Coal India, BHEL and Bajaj Finance
Indian markets are set to resume trading after the Diwali holiday, with investors tracking key stocks such as Cochin Shipyard, Kalyan Jewellers, MRF, Coal India, BHEL and Bajaj Finance amid Q2 earnings and corporate developments. Nifty faces immediate resistance at 25,150–25,200.
IIFL Finance to raise Rs 6,414 crore through preferential issue; Blackstone to invest Rs 5,000 crore
IIFL Finance approved a Rs 6,414 crore capital raise led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake. Promoters Nirmal Jain and R Venkataraman will collectively invest Rs 1,264 crore through warrants.
Dividend alert! MRF announces Rs 3/share interim dividend. Check record date
MRF announced an interim dividend of Rs 3 per share alongside its Q2FY27 results, with November 17 set as the record date. The tyre-maker reported a 13% YoY decline in consolidated net profit to Rs 417 crore.
MRF Q2 Results: Net profit falls 13% YoY to Rs 417 crore, revenue rises 17%; board declares interim dividend
MRF reported a 12.9% YoY decline in consolidated net profit to Rs 417 crore in Q2FY27, despite 17.4% revenue growth. EBITDA fell 14.9%, while the board declared an interim dividend of Rs 3 per share.
Inside 11-quarter high earnings pomp, 46 companies may wipe out up to 84% of their Q2 profits
At least 46 companies are expected to report double-digit profit declines in Q2, despite Motilal Oswal projecting 22% earnings growth for its coverage universe. Autos, cement, healthcare, consumer and cap goods are among sectors facing pressure, highlighting the uneven nature of the September-quarter earnings recovery.
MRF Q4 net profit drops 15% to Rs 294 crore
Revenue from operations rose to Rs 15,837 crore in the financial year 2018-19.
MRF shares up over 3 pc on robust Q2 earnings
Stocks of tyre manufacturer MRF today rose by over 3 per cent after the company reported a 94.66 per cent jump in standalone net profit for the quarter ended March 31.
MRF Q2 net profit surges 94.66 per cent to Rs 332.62 crore
MRF reported a 94.66 per cent jump in its standalone net profit at Rs 332.62 crore for the quarter ended March 31 on account of lower expenses.
MRF Ltd reports Q1 net profit up 80% at Rs 323 crore
Tyre maker MRF Ltd today posted 79.83 per cent increase in net profit at Rs 323.51 crore for the first quarter ended December 31.
MRF fourth quarter net up 72 per cent at Rs 317 crore
Net sales of the company rose to Rs 3,359.91 crore for the fourth quarter, 2013-14, as against Rs 3,145.70 crore in the same period.
MRF shares tank over 7 per cent on poor earnings
MRF's stock ended 7.14 per cent lower at Rs 21,879.50 on the BSE. During the day, the scrip lost 9.17 per cent to Rs 21,400.
MRF Q2 net dips 19% at Rs 171 crore
Tyre maker MRF reported 18.86 per cent decline in net profit at Rs 170.87 crore for the quarter ended March 31, 2013.
MRF's net profits remains flat at Rs 179.89 crore in October-December quarter
Tyre maker MRF Ltd today reported almost flat standalone net profit in the December quarter at Rs 179.89 crore.
MRF Q1 net jumps 60% on higher sales, lower costs
India's top tyre-maker MRF Ltd said its first-quarter net jumped 60%, helped by higher sales and lower raw material costs.
MRF reports 58.3% decline in Q4 net profit
Tyre major MRF today reported a 58.3 per cent decline in its net profits to Rs 164.76 crore for the fourth quarter ending September 30.
MRF net up 70% at Rs 618.77 crore for year ended September 2011
The company had reported consolidated net profit of Rs 357.50 crore in the year-ago period.
MRF Q3 net dips 14.42% to Rs 102.18 cr
Auto tyre and rubber products manufacturer MRF Ltd today reported a 14.42 per cent decline in net profit to Rs 102.18 crore for the quarter ended December 31, 2010.
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