MRF Powers Ahead with 29% Profit Surge
Tyre manufacturer MRF Ltd reported a significant 29.28% increase in consolidated net profit to Rs 512.11 crore for the March quarter of FY25, primarily driven by higher sales. Despite higher expenses, revenue also grew to Rs 7,074.82 crore compared to the previous year.
- Country:
- India
In a striking performance, tyre giant MRF Ltd posted a 29.28% increase in consolidated net profit from continuing operations for the March quarter of FY25, reaching Rs 512.11 crore, fueled by substantial sales growth.
Compared to the same quarter last year, the company's net profit was Rs 396.11 crore, showcasing a strong financial upturn, as noted in a regulatory filing.
The quarter's revenue soared to Rs 7,074.82 crore from Rs 6,349.36 crore previously, despite a concomitant rise in total expenses to Rs 6,526.87 crore.
(With inputs from agencies.)
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