MRF Q1 Results: Stock surges 5% after margins beat estimates
Thu, Aug 8, 2024 1:44 PM

MRF Q1 Results: Stock surges 5% after margins beat estimates

A Flip by Shubhangi Gupta
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Shares of tyre company MRF Ltd. surged as much as 5% on Thursday after the company reported June quarter results. Net profit for the period fell by 3.3% to ₹562.5 crore from ₹581.5 crore reported during the same quarter last year. Revenue for the period increased by 12% to ₹7,077.8 crore from ₹6,323.3 crore during the same quarter last year.

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