MRF Ltd. Reports Unaudited Standalone Earnings Results for the Quarter and Fifteen Months Ended December 31, 2016
February 03, 2017 at 03:27 am EST
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MRF Ltd. reported unaudited standalone earnings results for the quarter and fifteen months ended December 31, 2016. For the quarter, the company reported total income from operations of INR 35,331.4 million against INR 35,719.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 4,122.2 million against INR 6,186.5 million a year ago. Profit from ordinary activities before tax was INR 4,247.5 million against INR 6,183.9 million a year ago. Net profit for the period was INR 2,880.8 million or INR 679.26 per basic and diluted share before and after extraordinary items against INR 4,155.9 million or INR 979.90 per basic and diluted share before and after extraordinary items for the same period a year ago.
For the fifteen months, the company reported total income from operations of INR 110,301.4 million against INR 114,041.0 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 16,163.1 million against INR 19,914.8 million a year ago. Profit from ordinary activities before tax was INR 17,019.4 million against INR 19,899.9 million a year ago. Net profit for the period was INR 11,643.0 million or INR 2,745.26 per basic and diluted share before and after extraordinary items against INR 13,450.6 million or INR 3,171.45 per basic and diluted share before and after extraordinary items for the same period 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.