MRF Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 09, 2024 at 02:00 am EST
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MRF Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 61,624.6 million compared to INR 56,445.5 million a year ago. Revenue was INR 62,400.8 million compared to INR 57,159.1 million a year ago. Net income was INR 5,097.1 million compared to INR 1,748.3 million a year ago. Basic earnings per share from continuing operations was INR 1,201.81 compared to INR 412.21 a year ago. Diluted earnings per share from continuing operations was INR 1,201.81 compared to INR 412.21 a year ago.
For the nine months, sales was INR 188,198.5 million compared to INR 171,667.8 million a year ago. Revenue was INR 190,428.8 million compared to INR 173,496.6 million a year ago. Net income was INR 16,851.2 million compared to INR 4,282.9 million a year ago. Basic earnings per share from continuing operations was INR 3,973.27 compared to INR 1,009.84 a year ago. Diluted earnings per share from continuing operations was INR 3,973.27 compared to INR 1,009.84 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.