MRF Ltd: Q2 2017 profit down 78%

Although its total income rose 2.7 per cent year-on-year in the second quarter of the year, to Rs 40.1 billion (£480.8 million), MRF Limited reported a substantial drop in profit during the three months to 30 June 2017. The India tyre maker’s profit declined 77.9 per cent to Rs 1.1 billion (£12.7 million) due to a 21.0 per cent year-on-year rise in expenses, to Rs 39.2 billion.

Full details of MRF Ltd’s Q2 2017-18 results can be found in the Tyrepress.com company profiles and reports section.