MRF Limited Announces Unaudited Standalone Earnings Results for the Quarter Ended March 31, 2017 and Audited Consolidated and Standalone Earnings Results for the Year Ended March 31, 2017
May 06, 2017 at 03:58 am EDT
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MRF Ltd. announced unaudited standalone earnings results for the quarter ended March 31, 2017 and audited consolidated and standalone earnings results for the year ended March 31, 2017. For the quarter, on standalone basis, reported total income was INR 37,782.3 million compared to INR 38,390.2 million a year ago. Profit before exceptional items and tax was INR 3,644.3 million compared to INR 5,948.8 million a year ago. Profit before tax was INR 3,644.3 million compared to INR 5,948.8 million a year ago. Profit for the period from continuing operations was INR 2,867.7 million compared to INR 4,234.6 million a year ago. Earnings per share for continuing operations (not annualized) basic and diluted was INR 676.17 compared to INR 998.45 a year ago.
For the year, on standalone basis, reported total income was INR 150,780.1 million, profit before exceptional items and tax was INR 20,663.7 million, profit before tax was INR 20,663.7 million, and profit for the period from continuing operations was INR 14,510.8 million or earnings per share for continuing operations (not annualized) basic and diluted was INR 3,421.43.
For the year, on consolidated basis, reported total income was INR 152,601.8 million, profit before exceptional items and tax was INR 21,093.7 million, profit before tax was INR 21,093.7 million, and profit for the period from continuing operations was INR 14,862.2 million or earnings per share for continuing operations (not annualized) basic and diluted was INR 3,461.85.
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 Unaudited Standalone Earnings Results for the Quarter Ended March 31, 2017 and Audited Consolidated and Standalone Earnings Results for the Year Ended March 31, 2017