MRF Ltd. Reports Unaudited Standalone Earnings Results for the Quarter and Fifteen Months Ended December 31, 2015
January 25, 2016 at 04:47 am EST
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MRF Ltd. reported unaudited standalone earnings results for the quarter and fifteen months ended December 31, 2015. For the quarter, the company reported net sales/income from operations of INR 32,561.6 million against INR 33,516.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 6,105.4 million against INR 6,103.3 million a year ago. Profit from ordinary activities before tax was INR 5,791.5 million against INR 4,757.6 million a year ago. Net profit for the period was INR 3,881.5 million or INR 915.20 per basic and diluted share before and after extraordinary items against INR 3,235.1 million or INR 762.78 per basic and diluted share before and after extraordinary items for the same period a year ago.
For the fifteen months, the company reported net sales/income from operations of INR 167,816.5 million. Profit from operations before other income, finance costs and exceptional items was INR 29,889.4 million. Profit from ordinary activities before tax was INR 19,518.2 million. Net profit for the period was INR 19,518.2 million or INR 4,602.11 per basic and diluted share before and after extraordinary items.
MRF Limited is an India-based multinational tire maker. The Company is engaged in the manufacture of rubber products, such as tires, tubes, flaps, tread rubber. The Company's tires products include MRF PERFINZA, MRF MARKUS, MRF CITIBUS, MRF MOGRIP METEOR M TT, MRF ZAPPER TL, MRF ZAPPER N TL, MRF SUPER MILER 99 PLUS, MRF SUPER LUG FIFTY PLUS R, MRF SAVARI EXTRA, and others. The Company's international business has a range of tires in various categories, including heavy-duty truck/bus tires, light trucks, MUV/RCV/passenger cars, motorsports, farm services, military services, forklifts, two/three-wheeler, off-the-road/earthmovers, and pretreads. Its tires and services stocks the entire range of MRF tires and is equipped to provide services, such as computerized nitrogen inflation, tubeless repair, wheel alignment, wheel balancing and tire changing. The Company provides paints and coats, including water-based wood finishes, pigmented finishes, special coatings, and others.