MRF Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 03, 2024 at 12:50 pm IST
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MRF Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 63,493.6 million compared to INR 58,417.2 million a year ago. Revenue was INR 64,431.7 million compared to INR 59,115.1 million a year ago. Net income was INR 3,961.1 million compared to INR 3,406.5 million a year ago. Basic earnings per share from continuing operations was INR 933.97 compared to INR 803.2 a year ago. Diluted earnings per share from continuing operations was INR 933.97 compared to INR 803.2 a year ago.
For the full year, sales was INR 251,692.1 million compared to INR 230,085 million a year ago. Revenue was INR 254,860.5 million compared to INR 232,611.7 million a year ago. Net income was INR 20,812.3 million compared to INR 7,689.4 million a year ago. Basic earnings per share from continuing operations was INR 4,907.24 compared to INR 1,813.04 a year ago. Diluted earnings per share from continuing operations was INR 4,907.24 compared to INR 1,813.04 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.
MRF LIMITED 
