MRF Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
February 10, 2022 at 01:42 am EST
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MRF Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 49,201.3 million compared to INR 46,416 million a year ago. Revenue was INR 49,896.7 million compared to INR 47,052.2 million a year ago. Net income was INR 1,493.9 million compared to INR 5,205.4 million a year ago. Basic earnings per share from continuing operations was INR 352.24 compared to INR 1,227.36 a year ago. Diluted earnings per share from continuing operations was INR 352.24 compared to INR 1,227.36 a year ago.
For the nine months, sales was INR 140,119 million compared to INR 113,467.3 million a year ago. Revenue was INR 142,628.8 million compared to INR 114,989.3 million a year ago. Net income was INR 5,040.3 million compared to INR 9,449.2 million a year ago. Basic earnings per share from continuing operations was INR 1,188.42 compared to INR 2,227.98 a year ago. Diluted earnings per share from continuing operations was INR 1,188.42 compared to INR 2,227.98 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.