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MRF Q2 Results 2023 - Find MRF Q2 Earnings Result

MRF Q2 Results: Check out MRF Q2 Result news, MRF Q2 Earnings result updates and highlights. | MRF Q2 Results 2023

MRF Q2 Results: Profit soars 5x YoY to Rs 572 crore, dividend declared at Rs 3/share

The robust growth in net profit despite moderate revenue growth was on the back of a stark improvement in operational performance. The tyre makers earnings before interest, taxes, depreciation and amortization or EBITDA for the quarter rose more than twofold on year to Rs 1,129.09 crore. As a result, the operating margin expanded by a staggering 1,038 basis points to 18.55%.

MRF s Q2 net profit surges fivefold to Rs 572 crore, revenue rises 6 5%

The operational performance also improved as EBITDA margin expanded sharply to 18.5 percent in Q2, up from just 8.2 percent in the year-ago period.

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