MRF Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 09, 2021 at 01:41 am EST
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MRF Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 49,078.1 million compared to INR 42,444.3 million a year ago. Revenue was INR 49,966.3 million compared to INR 42,890.8 million a year ago. Net income was INR 1,890.6 million compared to INR 4,109.2 million a year ago. Basic earnings per share from continuing operations was INR 445.77 compared to INR 968.89 a year ago. Diluted earnings per share from continuing operations was INR 445.77 compared to INR 968.89 a year ago.
For the six months, sales was INR 90,917.7 million compared to INR 67,051.3 million a year ago. Revenue was INR 92,732.1 million compared to INR 67,937.1 million a year ago. Net income was INR 3,546.4 million compared to INR 4,243.8 million a year ago. Basic earnings per share from continuing operations was INR 836.18 compared to INR 1,000.63 a year ago. Diluted earnings per share from continuing operations was INR 836.18 compared to INR 1,000.63 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.