MRF Ltd. Announces Unaudited Parent Earnings Results for the Quarter Ended March 31, 2016 and Audited Consolidated and Parent Earnings Results for the Eighteen Months Year Ended March 31, 2016
May 03, 2016 at 11:24 pm EDT
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MRF Ltd. announced unaudited parent earnings results for the quarter ended March 31, 2016 and audited consolidated and parent earnings results for the eighteen months year ended March 31, 2016. For the quarter, on parent basis, the company reported profit after taxes, minority interest and share of profit of associates of INR 3,759.0 million or INR 886.33 per basic and diluted share compared to INR 3,326.2 million or INR 784.28 per basic and diluted share reported in the same period last year. Gross sales were INR 38,224.6 million against INR 36,777.7 million reported last year. Net sales were INR 34,363.0 million against INR 33,106.1 million reported last year. Total income from operations (net) was INR 34,495.5 million against INR 33,120.3 million reported last year. Profit from operations before other income, finance costs and exceptional items was INR 5,761.2 million against INR 5,205.3 million reported last year. Profit from ordinary activities before tax was INR 5,259.0 million against INR 4,776.2 million reported last year.
For the year, the parent company reported gross sales/income from operations of INR 224,953.6 million compared to INR 146,409.4 million reported in the same period last year. Net sales were INR 202,179.5 million against INR 131,897.3 million reported last year. Net profit from ordinary activities after tax INR 23,277.2 million against INR 8,978.9 million reported last year. Net profit after tax after extraordinary items INR 23,277.2 million or INR 5,488.44 per basic and diluted share against INR 8,978.9 million or INR 2,117.09 per basic and diluted share ported last year.
For the year, on group basis, the company reported gross sales/income from operations of INR 228,296.1 million compared to INR 147,889.7 million reported in the same period last year. Net sales were INR 205,162.1 million against INR 133,214.4 million reported last year. Net profit from ordinary activities after tax INR 23,660.0 million against INR 9,083.2 million reported last year. Net profit after tax after extraordinary items INR 23,660.0 million or INR 5,578.68 per basic and diluted share against INR 9,083.2 million or INR 2,141.69 per basic and diluted share ported 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.
MRF Ltd. Announces Unaudited Parent Earnings Results for the Quarter Ended March 31, 2016 and Audited Consolidated and Parent Earnings Results for the Eighteen Months Year Ended March 31, 2016