MRF Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 03, 2023 at 03:07 am EDT
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MRF Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 62,171 million compared to INR 58,263 million a year ago. Revenue was INR 62,878.2 million compared to INR 59,033.8 million a year ago. Net income was INR 5,866.6 million compared to INR 1,298.6 million a year ago. Basic earnings per share from continuing operations was INR 1,383.26 compared to INR 306.19 a year ago. Diluted earnings per share from continuing operations was INR 1,383.26 compared to INR 306.19 a year ago.
For the six months, sales was INR 126,573.9 million compared to INR 115,222.3 million a year ago. Revenue was INR 128,028 million compared to INR 116,337.5 million a year ago. Net income was INR 11,754.1 million compared to INR 2,534.6 million a year ago. Basic earnings per share from continuing operations was INR 2,771.45 compared to INR 597.63 a year ago. Diluted earnings per share from continuing operations was INR 2,771.45 compared to INR 597.63 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.
MRF LIMITED 
