MRF Limited Announces Resignation of Dr. K C Mammen as Non--Executive Director, Effective 9 November, 2018; Announces Unaudited Standalone Earnings Results for the Second Quarter and Half Year Ended September 30, 2018
November 08, 2018 at 03:22 am EST
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MRF Limited announced resignation of DR. K C Mammen as Non-Executive Director from the Board with effect from 9 November, 2018.
The company announced unaudited standalone earnings results for the second quarter and half year ended September 30, 2018. For the quarter, the company reported revenue from operations of INR 39,281.6 million against INR 35,911.1 million a year ago. Profit before exceptional items and tax was INR 3,936.6 million against INR 4,409.2 million a year ago. Profit before tax was INR 3,936.6 million against INR 4,409.2 million a year ago. Profit from continuing operations was INR 2,630.4 million against INR 2,999.2 million a year ago. Diluted earnings per share for continuing operations were INR 620.20 against INR 707.17 a year ago.
For the half year, the company reported revenue from operations of INR 77,837.1 million against INR 75,628.7 million a year ago. Profit before exceptional items and tax was INR 7,908.0 million against INR 5,755.4 million a year ago. Profit before tax was INR 7,908.0 million against INR 5,755.4 million a year ago. Profit from continuing operations was INR 5,237.8 million against INR 4,064.5 million a year ago. Diluted earnings per share for continuing operations were INR 1,234.99 against INR 958.36 a year ago.
MRF Limited is an India-based holding company. The Company is engaged in the manufacturing and sale of tires, tubes, flaps, tread rubber, and/or dealing in rubber and rubber chemicals. The Company's tires products include 225/55R16 PERFINZA CLX1 - TL, 225/45R17 PERFINZA CLX1 - TL, 205/60R16 PERFINZA CLX1 - TL, 205/55R16 PERFINZA CLX1 - TL, 195/65R15 PERFINZA CLX1 - TL, 195/60R15 PERFINZA CLX1 - TL, 245/45R17 PERFINZA CLY1 - TL, 245/45ZR18 PERFINZA CLY1 - TL 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. The Company's sports goods offer the Virat Kohli range, the English Willow range, the Kashmir Willow range, junior kits, protective gear, and others. Its wholly owned subsidiaries include MRF Corp Ltd., MRF Lanka Pvt. Ltd., and MRF SG PTE LTD.
MRF Limited Announces Resignation of Dr. K C Mammen as Non--Executive Director, Effective 9 November, 2018; Announces Unaudited Standalone Earnings Results for the Second Quarter and Half Year Ended September 30, 2018