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MRF Q2 net profit plunges 18%

MRF’s second quarter, ended March 31, net profit plunged 18% to Rs170.87 crore compared to net profit of Rs210.61 crore for the same quarter of last year.
However, the Chennai-based company’s net sales increased to Rs3,297.40 crore for the quarter from Rs2,904.77 crore in the same period of the corresponding year, according to MRF’s filing to the Bombay Stock Exchnage.
MRF Ltd. follows October-September as its financial year.

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