Tuesday, November 19, 2024
Home Business MRF Q4 results: Net profit drops 7.6% YoY to ₹379.6 crore; dividend declared

MRF Q4 results: Net profit drops 7.6% YoY to ₹379.6 crore; dividend declared

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MRF reported a surprise drop in its fourth-quarter profit as the tyre maker faced pressure from a spike in rubber prices. Ancilliary companies benefit from higher automobile sales and production, as they provide parts for the vehicles.

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