MRF profit reduces by 59% I
According to tire maker MRF Tire, net profit for the quarter ended March 2022 fell by 50.26% to Rs. 165.21 crore. The company said the rise was mainly due to higher cost and lower raw material prices. In the same quarter last year, the company earned Rs. 332.15 / – crore. Total operating revenue is Rs. 5304.82 / – crore as against Rs. 4816.46 crore. The total expenditure has increased to Rs. 5142.79 / – crore. March 2022 Fiscal Year Total Profit Rs. 669.24 crore.
