MRF Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018
February 07, 2019 at 02:45 am EST
Share
MRF Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2018. For the third quarter, the company reported revenue from operations of INR 40,337.6 million as compared to INR 37,988.2 million for the same period last year. Total Income was INR 41,595.1 million as compared to INR 38,436.5 million for the same period last year. Profit for the period from continuing operations was INR 2,792.6 million as compared to INR 3,405.1 million for the same period last year. Basic earnings per share were INR 658.46 per share as compared to INR 802.87 per share for the same period last year.
For the nine months, the company reported revenue from operations of INR 117,635.5 million as compared to INR 113,616.9 million for the same period last year. Total Income was INR 120,715.5 million as compared to INR 115,648.0 million for the same period last year. Profit for the period from continuing operations was INR 8,030.4 million as compared to INR 7,469.6 million for the same period last year. Basic earnings per share were INR 1,893.45 per share as compared to INR 1,761.23 per share for the same period last year.
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.