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VERIFIEDET Stocks·negative
MRF Q1 Results: PAT dips 6% YoY to Rs 479 crore; shares fall 3% amid sharp margin contraction
AI Summary
- ·MRF's Q1 net profit declined 6.5% year-on-year to Rs 479 crore.
- ·Revenue increased by 10% to Rs 8,416 crore, but EBITDA fell 7.5%.
- ·Margins contracted to 11.77% from 13.95% due to higher material costs.