Mrf S Q2fy24 Financial Performance Review

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

MRF's Q2FY24 Financial Performance Review

ri-calendar-2-lineNov 3, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

In this financial performance review, we delve into the results of MRF for the second quarter of fiscal year 2024 and analyze key metrics, including revenue, expenses, net profit, and margin.

 

ParticularsQ2FY23YoY (% change)Q1FY24QoQ (% change)Q2FY24
Total Income (₹crs.)5,903.386.516,514.98-3.496,287.82
Expenses (₹crs.)5,729.82-4.065,727.92-4.035,497.21
Net Profit (₹crs.)129.86351.76558.755586.66
Margin (%)2.207.138.580.759.33

 

REVENUE: 
MRF reported a total income of ₹6,287.82 crores in Q2FY24, showing a slight decrease of 3.49% compared to the preceding quarter. On a year-on-year (YoY) basis, the company's revenue increased by 6.51% from ₹5,903.38 crores in Q2FY23.

 

EXPENSES: 
Total expenses for Q2FY24 amounted to ₹5,497.21 crores, which represented a decrease of 4.03% compared to the expenses in the preceding quarter. On a YoY basis, expenses decreased by 4.06% from ₹5,729.82 crores in Q2FY23.

 

NET PROFIT: 
 MRF reported a net profit of ₹586.66 crores, indicating a 5% increase compared to the net profit of ₹558.75 crores in the preceding quarter. On a YoY basis, the net profit exhibited substantial growth, with a remarkable increase of 351.76% from ₹129.86 crores in Q2FY23.

 

MARGINS: 
MRF's margin in Q2FY24 was 9.33%, which is an improvement compared to the margin of 8.58% in the preceding quarter, Q1FY24. On a YoY basis, the margin showed a notable increase, rising from 2.20% in Q2FY23 to 9.33% in this quarter.

 

In conclusion, MRF's financial performance in the second quarter of fiscal year 2024 reflects a robust increase in net profit and margin, driven by effective cost management and resilient revenue generation. The company has navigated challenging economic conditions, and its performance indicates a positive outlook.

 

Stay tuned for more updates on upcoming financial performances.

Related News

News Thumbnail
Quarterly Result

BLS's Q2FY24 Financial Performance Review

2 mins read. November 6, 2023 at 08:56 AM

News Thumbnail
Quarterly Result

Interglobe Aviation's Q2FY24 Financial Performance Review

2 mins read. November 3, 2023 at 11:31 AM

News Thumbnail
Quarterly Result

Titan's Q2FY24 Financial Performance Review

2 mins read. November 3, 2023 at 10:59 AM

News Thumbnail
Quarterly Result

Zomato's Q2FY24 Financial Performance Review

3 mins read. November 3, 2023 at 09:50 AM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions