MRF net slips 12.29% on rising material cost

Board approves reappointment of K.M. Mammen as MD Tyre maker MRF has reported a 12.29% drop in its standalone net profit for the second quarter ended September 2018 at ₹263.04 crore against ₹299.92 crore due to increase in raw material costs. Total income grew by 9.41% to ₹4,004.85 crore against ₹3,660.22 crore registered for the corresponding year-ago period. Materials cost, […]

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