MRF Q2FY18 PAT rises 1.8 times QoQ
Raghav Bisani / 10 Nov 2017
The company reported PAT of Rs. 299.92 crore which represents a sequential QoQ increase of 181.54 per cent and a YoY decline of 22.16 per cent
MRF reported its results for the quarter ended September 30, 2017 during market hours on Friday.
Total sales for this quarter, Q2FY18, came in at Rs. 3,591.11 crore. This represents a 9.58 per cent sequential decline and 0.65 per cent YoY decline.
EBITDA for the recently concluded quarter amounted to Rs. 605.72 crore and the margins stood at 16.9 per cent.
The company reported PAT of Rs. 299.92 crore which represents a sequential QoQ increase of 181.54 per cent and a YoY decline of 22.16 per cent.
The company has declared an interim dividend of Rs. 3 per share on its face value of Rs. 10 per share.
On Friday, the stock of MRF opened at Rs. 65,188 per share, and touched an intraday high of Rs. 67,300 on BSE .
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