MRF scrip beefed up with lower cost and higher Q1 net adding muscle

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On the BSE, the scrip, with a face value of Rs 10, opened at Rs 101,725.05 (closing price of Wednesday Rs 102,640.10) and touched a high of Rs 1,07,500 and closed at Rs 106,923.10.

The company closed Q1FY24 with an operational revenue of Rs 6,323.28 crore (Q1FY23 Rs 5,598.92 crore) and a net profit of Rs 581.45 crore (Rs.112.36 crore).

The company’s material cost for the period under review went down to Rs 3,722.03 crore (Rs 4,043.31 crore).

–IANS

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