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04-May-2024

MRF

NP up 16.28%

'For the quarter ending March 2024, consolidated Net sales (including other operating income) of MRF has increased 8.69% to Rs 6349.36 crore compared to quarter ended March 2023.  Operating profit margin has declined from 14.61% to 14.36%, leading to 6.85% rise in operating profit to Rs 912.03 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 62.71% to 60.97%.   Purchase of finished goods cost fell from 0.15% to 0.10%.   Employee cost increased from 6.99% to 7.45%.   Other expenses rose from 15.61% to 17.31%.   

Other income rose 34.42% to Rs 93.81 crore.  PBIDT rose 8.94% to Rs 1005.84 crore.  Provision for interest rose 0.84% to Rs 93.25 crore.  Loan funds declined from Rs 3,013.61 crore as of 31 March 2023 to Rs 2,821.50 crore as of 31 March 2024.  Inventories rose to Rs 4,468.58 crore as of 31 March 2024 from Rs 4,141.05 crore as ...



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