MRF Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018
February 07, 2019 at 01:15 pm IST
Share
MRF Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2018. For the third quarter, the company reported revenue from operations of INR 40,337.6 million as compared to INR 37,988.2 million for the same period last year. Total Income was INR 41,595.1 million as compared to INR 38,436.5 million for the same period last year. Profit for the period from continuing operations was INR 2,792.6 million as compared to INR 3,405.1 million for the same period last year. Basic earnings per share were INR 658.46 per share as compared to INR 802.87 per share for the same period last year.
For the nine months, the company reported revenue from operations of INR 117,635.5 million as compared to INR 113,616.9 million for the same period last year. Total Income was INR 120,715.5 million as compared to INR 115,648.0 million for the same period last year. Profit for the period from continuing operations was INR 8,030.4 million as compared to INR 7,469.6 million for the same period last year. Basic earnings per share were INR 1,893.45 per share as compared to INR 1,761.23 per share for the same period last year.
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.