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Revenue showed a marginal decline at Rs. 40088.90 millions. For the quarter ended December 2019, as compared to corresponding quarter of last year.The Net proft of the company remain more or less same to Rs. 2366.30 millions from Rs. 2792.60 millions ,decline by -15.27%.Operating Profit saw a handsome growth to 6835.40 millions from 6776.00 millions in the quarter ended December 2019. (Rs. in Million) Quarter ended Year to Date Year ended 201912 201812 % Var 201912 201812 % Var 201903 201803 % Var Sales 40088.90 40337.60 -0.62 123659.60 117635.50 5.12 158370.00 151810.50 4.32 Other Income 733.40 1257.50 -41.68 2730.20 3080.00 -11.36 4174.70 3285.00 27.08 PBIDT 6835.40 6776.00 0.88 20267.90 19822.50 2.25 26629.50 25524.20 4.33 Interest 704.40 631.40 11.56 2051.10 1904.80 7.68 2477.90 2451.70 1.07 PBDT 6131.00 6144.60 -0.22 18216.80 17917.70 1.67 24151.60 23072.50 4.68 Depreciation 2489.70 2052.00 21.33 7141.70 5917.10 20.70 8062.70 7053.40 14.31 PBT 3641.30 4092.60 -11.03 11075.10 12000.60 -7.71 16088.90 16019.10 0.44 TAX 1275.00 1300.00 -1.92 3820.00 3970.20 -3.78 5120.20 5096.30 0.47 Deferred Tax 265.00 620.00 -57.26 540.00 1230.20 -56.10 1820.20 1188.60 53.14 PAT 2366.30 2792.60 -15.27 7255.10 8030.40 -9.65 10968.70 10922.80 0.42 Equity 42.40 42.40 0.00 42.40 42.40 0.00 42.40 42.40 0.00 PBIDTM(%) 17.05 16.80 1.50 16.39 16.85 -2.73 16.81 16.81 0.01
MRF is currently trading at Rs. 68295.00, up by 525.05 points or 0.77% from its previous closing of Rs. 67769.95 on the BSE.The scrip opened at Rs. 68500.00 and has touched a high and low of Rs. 68500.00 and Rs. 68255.00 respectively. The BSE group `A` stock of face value Rs. 10 has touched a 52 week high of Rs. 70295.00 on 20-Jan-2020 and a 52 week low of Rs. 51850.00 on 02-May-2019.Last one week high and low of the scrip stood at Rs. 70295.00 and Rs. 67300.00 respectively. The current market cap of the company is Rs. 28742.20 crore.The promoters holding in the company stood at 27.77%, while Institutions and Non-Institutions held 23.33% and 48.89% respectively.MRF has partly commissioned Phase 1 of its Greenfield unit at Dahej Industrial Area, Vagra Taluka, Bharuch district in the state of Gujarat.MRF is engaged in the manufacturing, distribution and sale of tyres for various kinds of vehicles. The company offers tyre shopping, tyredrome and tyre maintenance services. It also provides an institute for driver development.
The Total revenue for the quarter ended September 2019 of Rs. 39475.70 millions remain, more or less, the same.A slender decline of -16.23% was recorded to Rs. 2203.60 millions from Rs. 2630.40 millions in the corresponding previous quarter.The company reported a degrowth in operating Profit to 6355.50 millions from 6576.90 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201909 201809 % Var 201909 201809 % Var 201903 201803 % Var Sales 39475.70 38935.40 1.39 83570.70 77297.90 8.12 158370.00 151810.50 4.32 Other Income 948.00 1113.10 -14.83 1996.80 1822.50 9.56 4174.70 3285.00 27.08 PBIDT 6355.50 6576.90 -3.37 13432.50 13046.50 2.96 26629.50 25524.20 4.33 Interest 664.90 642.60 3.47 1346.70 1273.40 5.76 2477.90 2451.70 1.07 PBDT 5690.60 5934.30 -4.11 12085.80 11773.10 2.66 24151.60 23072.50 4.68 Depreciation 2372.00 1997.70 18.74 4652.00 3865.10 20.36 8062.70 7053.40 14.31 PBT 3318.60 3936.60 -15.70 7433.80 7908.00 -6.00 16088.90 16019.10 0.44 TAX 1115.00 1306.20 -14.64 2545.00 2670.20 -4.69 5120.20 5096.30 0.47 Deferred Tax 155.00 396.20 -60.88 275.00 610.20 -54.93 1820.20 1188.60 53.14 PAT 2203.60 2630.40 -16.23 4888.80 5237.80 -6.66 10968.70 10922.80 0.42 Equity 42.40 42.40 0.00 42.40 42.40 0.00 42.40 42.40 0.00 PBIDTM(%) 16.10 16.89 -4.69 16.07 16.88 -4.77 16.81 16.81 0.01
The revenue zoomed 14.94% to Rs. 44095.00 millions for the quarter ended June 2019 as compared to Rs. 38362.50 millions during the corresponding quarter last year.Net profit for the quarter ended June 2019 increases to Rs. 2685.20 millions from Rs. 2607.40 millions.Operating profit surged to 7077.00 millions from the corresponding previous quarter of 6469.60 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201906 201806 % Var 201906 201806 % Var 201903 201803 % Var Sales 44095.00 38362.50 14.94 44095.00 38362.50 14.94 158370.00 151810.50 4.32 Other Income 1048.80 709.40 47.84 1048.80 709.40 47.84 4174.70 3285.00 27.08 PBIDT 7077.00 6469.60 9.39 7077.00 6469.60 9.39 26629.50 25524.20 4.33 Interest 681.80 630.80 8.08 681.80 630.80 8.08 2477.90 2451.70 1.07 PBDT 6395.20 5838.80 9.53 6395.20 5838.80 9.53 24151.60 23072.50 4.68 Depreciation 2280.00 1867.40 22.09 2280.00 1867.40 22.09 8062.70 7053.40 14.31 PBT 4115.20 3971.40 3.62 4115.20 3971.40 3.62 16088.90 16019.10 0.44 TAX 1430.00 1364.00 4.84 1430.00 1364.00 4.84 5120.20 5096.30 0.47 Deferred Tax 120.00 214.00 -43.93 120.00 214.00 -43.93 1820.20 1188.60 53.14 PAT 2685.20 2607.40 2.98 2685.20 2607.40 2.98 10968.70 10922.80 0.42 Equity 42.40 42.40 0.00 42.40 42.40 0.00 42.40 42.40 0.00 PBIDTM(%) 16.05 16.86 -4.83 16.05 16.86 -4.83 16.81 16.81 0.01
MRF is currently trading at Rs. 52800.00, up by 195.40 points or 0.37% from its previous closing of Rs. 52604.60 on the BSE.The scrip opened at Rs. 52450.00 and has touched a high and low of Rs. 53199.95 and Rs. 52450.00 respectively.The BSE group `A` stock of face value Rs. 10 has touched a 52 week high of Rs. 81097.65 on 30-Jul-2018 and a 52 week low of Rs. 51850.00 on 02-May-2019.Last one week high and low of the scrip stood at Rs. 54590.00 and Rs. 51850.00 respectively. The current market cap of the company is Rs. 22421.01 crore.The promoters holding in the company stood at 27.74%, while Institutions and Non-Institutions held 21.48% and 50.79% respectively.MRF has reported a fall of 14.91% in its net profit at Rs 293.83 crore for the quarter ended March 31, 2019 as compared to Rs 345.32 crore for the same quarter in the previous year. However, total income of the company increased by 6.04% at Rs 4,182.92 crore for quarter under review as compared to Rs 3,944.75 crore for the quarter ended March 31, 2018.For the year ended March 31, 2019, the company has posted a marginal rise of 0.42% in its net profit at Rs 1,096.87 crore as compared to Rs 1,092.28 crore for the previous year. Total income of company increased 4.80% at Rs 16,254.47 crore for year under review as compared to Rs 15,509.55 crore for year ended March 31, 2018.
The revenue zoomed 6.20% to Rs. 40734.50 millions for the quarter ended March 2019 as compared to Rs. 38355.00 millions during the corresponding quarter last year.The Company`s Net profit for the March 2019 quarter have declined marginally to Rs. 2938.30 millions as against Rs. 3453.20 millions reported during the corresponding quarter ended.Operating Profit reported a sharp decline to 6807.00 millions from 7654.00 millions in the corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201903 201803 % Var 201903 201803 % Var 201903 201803 % Var Sales 40734.50 38355.00 6.20 158370.00 151810.50 4.32 158370.00 151810.50 4.32 Other Income 1094.70 1092.50 0.20 4174.70 3285.00 27.08 4174.70 3285.00 27.08 PBIDT 6807.00 7654.00 -11.07 26629.50 25524.20 4.33 26629.50 25524.20 4.33 Interest 573.10 648.30 -11.60 2477.90 2451.70 1.07 2477.90 2451.70 1.07 PBDT 6233.90 7005.70 -11.02 24151.60 23072.50 4.68 24151.60 23072.50 4.68 Depreciation 2145.60 1867.10 14.92 8062.70 7053.40 14.31 8062.70 7053.40 14.31 PBT 4088.30 5138.60 -20.44 16088.90 16019.10 0.44 16088.90 16019.10 0.44 TAX 1150.00 1685.40 -31.77 5120.20 5096.30 0.47 5120.20 5096.30 0.47 Deferred Tax 590.00 431.70 36.67 1820.20 1188.60 53.14 1820.20 1188.60 53.14 PAT 2938.30 3453.20 -14.91 10968.70 10922.80 0.42 10968.70 10922.80 0.42 Equity 42.40 42.40 0.00 42.40 42.40 0.00 42.40 42.40 0.00 PBIDTM(%) 16.71 19.96 -16.26 16.81 16.81 0.01 16.81 16.81 0.01
MRF is currently trading at Rs. 58262.05, up by 222.30 points or 0.38% from its previous closing of Rs. 58039.75 on the BSE.The scrip opened at Rs. 58200.00 and has touched a high and low of Rs. 58500.00 and Rs. 58200.00 respectively. So far 106 shares were traded on the counter.The BSE group `A` stock of face value Rs. 10 has touched a 52 week high of Rs. 81423.00 on 30-Apr-2018 and a 52 week low of Rs. 53901.45 on 19-Feb-2019.Last one week high and low of the scrip stood at Rs. 58904.65 and Rs. 57305.00 respectively. The current market cap of the company is Rs. 24734.35 crore.The promoters holding in the company stood at 27.64%, while Institutions and Non-Institutions held 21.48% and 50.88% respectively.MRF has introduced a new range of motorcycle tyres ‘Nylogrip Ezeeride’. MRF Nylogrip Ezeeride is available at the flagship MRF Tiretok, MRF T&S stores and MRF Exclusive dealers across the country.This latest product will be available in tube and tubeless versions for both the front and the rear in ten sizes fitting popular commuter bikes and extending to the Enfield and Harley-Davidson motorcycles.MRF is engaged in the manufacturing, distribution and sale of tyres for various kinds of vehicles. The company offers tyre shopping, tyredrome and tyre maintenance services. It also provides an institute for driver development.
MRF is currently trading at Rs. 54580.00, up by 259.45 points or 0.48 % from its previous closing of Rs. 54320.55 on the BSE.The scrip opened at Rs. 54378.15 and has touched a high and low of Rs. 54580.00 and Rs. 54111.20 respectively. So far 139 shares were traded on the counter.The BSE group `A` stock of face value Rs. 10 has touched a 52 week high of Rs. 81423.00 on 30-Apr-2018 and a 52 week low of Rs. 53901.45 on 19-Feb-2019.Last one week high and low of the scrip stood at Rs. 56500.00 and Rs. 53901.45 respectively. The current market cap of the company is Rs. 23078.69 crore.The promoters holding in the company stood at 27.64%, while Institutions and Non-Institutions held 21.48% and 50.88% respectively.MRF’s workers are on strike at manufacturing plant at Tiruvottiyur near Chennai, since February 2. The strike is illegal and the notice of the strike, including reasons for the same, has not been served on the company. The workmen are objecting to the installation of CCTV cameras in the factory premises. The company`s management is also making efforts to reach an amicable settlement with the Union regarding wage revision agreement. The operations of the factory are being partly continued with the help of the workmen who are not part of the strike and the company is taking necessary steps to restore normalcy at the earliest.MRF is engaged in the manufacturing, distribution and sale of tyres for various kinds of vehicles. The company offers tyre shopping, tyredrome and tyre maintenance services. It also provides an institute for driver development.
A fair growth of 6.18% in the revenue at Rs. 40337.60 millions was reported in the December 2018 quarter as compared to Rs. 37988.20 millions during year-ago period.The Net Profit of the company registered a slight decline of -17.99% to Rs. 2792.60 millions from Rs. 3405.10 millions.Operating Profit reported a sharp decline to 6776.00 millions from 7480.10 millions in the corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201812 201712 % Var 201812 201712 % Var 201803 201703 % Var Sales 40337.60 37988.20 6.18 118174.70 113616.90 4.01 152270.70 147494.00 3.24 Other Income 1257.50 448.30 180.50 2540.80 2031.10 25.09 2824.80 3286.10 -14.04 PBIDT 6776.00 7480.10 -9.41 19822.50 17870.20 10.92 25524.20 29210.40 -12.62 Interest 631.40 576.80 9.47 1904.80 1803.40 5.62 2451.70 2455.20 -0.14 PBDT 6144.60 6903.30 -10.99 17917.70 16066.80 11.52 23072.50 26755.20 -13.76 Depreciation 2052.00 1778.20 15.40 5917.10 5186.30 14.09 7053.40 6091.50 15.79 PBT 4092.60 5125.10 -20.15 12000.60 10880.50 10.29 16019.10 20663.70 -22.48 TAX 1300.00 1720.00 -24.42 3970.20 3410.90 16.40 5096.30 6152.90 -17.17 Deferred Tax 620.00 220.00 181.82 1230.20 756.90 62.53 1188.60 1582.90 -24.91 PAT 2792.60 3405.10 -17.99 8030.40 7469.60 7.51 10922.80 14510.80 -24.73 Equity 42.40 42.40 0.00 42.40 42.40 0.00 42.40 42.40 0.00 PBIDTM(%) 16.80 19.69 -14.69 16.77 15.73 6.65 16.76 19.80 -15.36
The revenue for the June 2018 quarter is pegged at Rs. 38555.50 millions against Rs. 39717.60 millions recorded during the year-ago period.Net Profit witnessed a 144.76% growth almost the double from Rs. 1065.30 millions to Rs. 2607.40 millions of same quarter last year.Operating Profit saw a handsome growth to 6469.60 millions from 3641.80 millions in the quarter ended June 2018. (Rs. in Million) Quarter ended Year to Date Year ended 201806 201706 % Var 201806 201706 % Var 201803 201703 % Var Sales 38555.50 39717.60 -2.93 38555.50 39717.60 -2.93 152270.70 147494.00 3.24 Other Income 516.40 891.70 -42.09 516.40 891.70 -42.09 2824.80 3286.10 -14.04 PBIDT 6469.60 3641.80 77.65 6469.60 3641.80 77.65 25524.20 29210.40 -12.62 Interest 630.80 627.10 0.59 630.80 627.10 0.59 2451.70 2455.20 -0.14 PBDT 5838.80 3014.70 93.68 5838.80 3014.70 93.68 23072.50 26755.20 -13.76 Depreciation 1867.40 1668.50 11.92 1867.40 1668.50 11.92 7053.40 6091.50 15.79 PBT 3971.40 1346.20 195.01 3971.40 1346.20 195.01 16019.10 20663.70 -22.48 TAX 1364.00 280.90 385.58 1364.00 280.90 385.58 5096.30 6152.90 -17.17 Deferred Tax 214.00 166.90 28.22 214.00 166.90 28.22 1188.60 1582.90 -24.91 PAT 2607.40 1065.30 144.76 2607.40 1065.30 144.76 10922.80 14510.80 -24.73 Equity 42.40 42.40 0.00 42.40 42.40 0.00 42.40 42.40 0.00 PBIDTM(%) 16.78 9.17 83.00 16.78 9.17 83.00 16.76 19.80 -15.36
With no major difference for the quarter endedMarch 2018 , the total revenue stood at Rs. 38653.80 millions.A humble growth in net profit of 20.42% reported in the quarter ended March 2018 to Rs. 3453.20 millions from Rs. 2867.70 millions.Operating profit for the quarter ended March 2018 rose to 7654.00 millions as compared to 5881.40 millions of corresponding quarter ended March 2017. (Rs. in Million) Quarter ended Year to Date Year ended 201803 201703 % Var 201803 201703 % Var 201803 201703 % Var Sales 38653.80 37128.40 4.11 152270.70 147494.00 3.24 152270.70 147494.00 3.24 Other Income 793.70 653.90 21.38 2824.80 3286.10 -14.04 2824.80 3286.10 -14.04 PBIDT 7654.00 5881.40 30.14 25524.20 29210.40 -12.62 25524.20 29210.40 -12.62 Interest 648.30 615.20 5.38 2451.70 2455.20 -0.14 2451.70 2455.20 -0.14 PBDT 7005.70 5266.20 33.03 23072.50 26755.20 -13.76 23072.50 26755.20 -13.76 Depreciation 1867.10 1621.90 15.12 7053.40 6091.50 15.79 7053.40 6091.50 15.79 PBT 5138.60 3644.30 41.00 16019.10 20663.70 -22.48 16019.10 20663.70 -22.48 TAX 1685.40 776.60 117.02 5096.30 6152.90 -17.17 5096.30 6152.90 -17.17 Deferred Tax 431.70 761.60 -43.32 1188.60 1582.90 -24.91 1188.60 1582.90 -24.91 PAT 3453.20 2867.70 20.42 10922.80 14510.80 -24.73 10922.80 14510.80 -24.73 Equity 42.40 42.40 0.00 42.40 42.40 0.00 42.40 42.40 0.00 PBIDTM(%) 19.80 15.84 25.00 16.76 19.80 -15.36 16.76 19.80 -15.36
The Revenue for the quarter ended December 2017 of Rs. 37988.20 millions grew by 7.52 % from Rs. 35331.40 millions.A humble growth in net profit of 18.20% reported in the quarter ended December 2017 to Rs. 3405.10 millions from Rs. 2880.80 millions.Operating Profit saw a handsome growth to 7480.10 millions from 6403.50 millions in the quarter ended December 2017. (Rs. in Million) Quarter ended Year to Date Year ended 201712 201612 % Var 201712 201612 % Var 201703 201603 % Var Sales 37988.20 35331.40 7.52 113616.90 110301.40 3.01 147429.90 221620.40 -33.48 Other Income 448.30 740.00 -39.42 2031.10 2696.30 -24.67 3350.20 3211.70 4.31 PBIDT 7480.10 6403.50 16.81 17870.20 23328.90 -23.40 29210.30 46861.50 -37.67 Interest 576.80 614.70 -6.17 1803.40 1840.00 -1.99 2455.20 3454.40 -28.93 PBDT 6903.30 5788.80 19.25 16066.80 21488.90 -25.23 26755.10 43407.10 -38.36 Depreciation 1778.20 1541.30 15.37 5186.30 4469.50 16.04 6091.40 7347.60 -17.10 PBT 5125.10 4247.50 20.66 10880.50 17019.40 -36.07 20663.70 36059.50 -42.70 TAX 1720.00 1366.70 25.85 3410.90 5376.40 -36.56 6152.90 11320.50 -45.65 Deferred Tax 220.00 336.80 -34.68 756.90 1166.50 -35.11 1927.90 1130.50 70.54 PAT 3405.10 2880.80 18.20 7469.60 11643.00 -35.84 14510.80 24739.00 -41.34 Equity 42.40 42.40 0.00 42.40 42.40 0.00 42.40 42.40 0.00 PBIDTM(%) 19.69 18.12 8.64 15.73 21.15 -25.63 19.81 21.14 -6.30