8/8/2024, 1:44:03 pm

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

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.