MRF Ltd. Announces Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2016
October 27, 2016 at 04:03 am EDT
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MRF Ltd. announced unaudited standalone earnings results for the second quarter and six months ended September 30, 2016. For the quarter, the company's gross sales/income from operations was INR 35,911.7 million compared with INR 30,300.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 5,061.9 million compared with INR 6,648.1 million a year ago. Profit from ordinary activities before tax was INR 5,657.1 million compared with INR 6,727.9 million a year ago. Net profit was INR 3,852.9 million or INR 908.46 per basic and diluted share compared with INR 4,499.2 million or INR 1,060.85 per basic and diluted share a year ago.
For the six months, the company's gross sales/income from operations was INR 74,545.1 million compared with INR 74,865.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 12,040.9 million compared with INR 13,728.3 million a year ago. Profit from ordinary activities before tax was INR 12,771.9 million compared with INR 13,716.0 million a year ago. Net profit was INR 8,762.2 million or INR 2,066.0 per basic and diluted share compared with INR 9,294.7 million or INR 2,191.55 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.