MRF Ltd Q1 net profit down 30.35% at Rs 112.36 cr
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The company reported standalone net profit of Rs 112.36 crore for the quarter ended June 30, 2022 as compared to Rs 161.33 crore in the same period last year, registering a year-on-year decline of 30.35 per cent. Net revenue of the company rose substantially by 35.64 per cent at Rs 5,598.92 crore in April-June quarter of this fiscal as against Rs 4,127.72 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 40.66 per cent to Rs 5,120.65 crore from Rs 3,640.50 crore in year ago period. Other Income dipped by 63.10 per cent at Rs 34.08 crore versus (Jun'21 Rs 92.36 crore). Operating Profit slipped by 1.84 per cent to Rs 478.27 crore as against Rs 487.22 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 27.63 per cent in June quarter. Interest grew by 2.38 per cent y-o-y to Rs 63.54 crore, while Taxation decreased by 28.71 per cent at Rs 39.53 crore (Jun'21 Rs 55.45 crore).
