MRF Ltd. Announces Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2017
November 10, 2017 at 02:57 am EST
Share
MRF Ltd. announced unaudited standalone earnings results for the second quarter and six months ended September 30, 2017. For the quarter, the company's revenue from operations was INR 35,911.1 million compared with INR 36,146.3 million a year ago. Profit before exceptional items and tax was INR 4,409.2 million compared with INR 5,657.1 million a year ago. Profit before tax was INR 4,409.2 million compared with INR 5,657.1 million a year ago. Profit for the period was INR 2,999.2 million or INR 707.17 per basic and diluted share compared with INR 3,852.9 million or INR 908.46 per basic and diluted share a year ago.
For the six months, the company's revenue from operations was INR 75,628.7 million compared with INR 74,970.0 million a year ago. Profit before exceptional items and tax was INR 5,755.4 million compared with INR 12,771.9 million a year ago. Profit before tax was INR 5,755.4 million compared with INR 12,771.9 million a year ago. Profit for the period was INR 4,064.5 million or INR 958.36 per basic and diluted share compared with INR 8,762.2 million or INR 2,066.0 per basic and diluted share 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.