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MRF Q2 Results: Profit soars 5x YoY to Rs 572 crore, dividend declared at Rs 3/share
The robust growth in net profit despite moderate revenue growth was on the back of a stark improvement in operational performance. The tyre maker’s earnings before interest, taxes, depreciation and amortization or EBITDA for the quarter rose more than twofold on year to Rs 1,129.09 crore. As a result, the operating margin expanded by a staggering 1,038 basis points to 18.55%.