MRF Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 09, 2024 at 02:00 am EST
Share
MRF Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 61,624.6 million compared to INR 56,445.5 million a year ago. Revenue was INR 62,400.8 million compared to INR 57,159.1 million a year ago. Net income was INR 5,097.1 million compared to INR 1,748.3 million a year ago. Basic earnings per share from continuing operations was INR 1,201.81 compared to INR 412.21 a year ago. Diluted earnings per share from continuing operations was INR 1,201.81 compared to INR 412.21 a year ago.
For the nine months, sales was INR 188,198.5 million compared to INR 171,667.8 million a year ago. Revenue was INR 190,428.8 million compared to INR 173,496.6 million a year ago. Net income was INR 16,851.2 million compared to INR 4,282.9 million a year ago. Basic earnings per share from continuing operations was INR 3,973.27 compared to INR 1,009.84 a year ago. Diluted earnings per share from continuing operations was INR 3,973.27 compared to INR 1,009.84 a year ago.
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.