MRF Ltd misses Q2 profit expectations due to high input costs
The production of tyres has been challenged by high input costs as rising worldwide inflation increased the cost of basic materials like rubber.
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The production of tyres has been challenged by high input costs as rising worldwide inflation increased the cost of basic materials like rubber.
the company had reported a net profit of Rs 13 crore in the April-June quarter of last fiscal. MRF also reported an increase in the revenues from operations.
MRF Ltd. has scheduled its Board meeting on November 6 to approve Q2 FY2021 results. It will also consider the declaration of interim dividend.
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