MRF Q2 Outcomes: Consolidated internet revenue dips 19% to ₹470.70 crore

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Abhishek Mukherjee
Abhishek Mukherjeehttps://www.hospitalitycareerprofile.com/
Abhishek Mukherjee is a seasoned market analyst with a deep understanding of financial trends and economic shifts. With years of experience in the field, Abhishek brings insightful analysis and up-to-date market news to help readers stay informed. His expertise spans stock markets, financial forecasts, and economic policy changes, making him a trusted voice in the industry.
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Tyre-maker MRF on Friday reported a 19 per cent on-year decline in consolidated internet revenue at 470.70 crore for the quarter ended September 30, 2024.

The corporate had reported a consolidated internet revenue of 586.60 crore within the second quarter of the earlier fiscal 12 months, in line with a regulatory submitting.

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Consolidated income from operations for the September quarter rose 10 per cent to 6,881.09 crore, as in comparison with 6,217.10 crore within the corresponding quarter of FY 2023-24, the corporate mentioned within the regulatory submitting.

On a standalone foundation, internet revenue declined 20 per cent to 455.43 crore through the quarter underneath assessment, from 571.93 crore delivered within the second quarter of FY24, as per the submitting.

Standalone income from operations within the September quarter of FY25 stood at 6,760.37 crore, up 11.1 per cent from 6,087.56 crore a 12 months earlier, it said.

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