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MRF reports marginal increase in Q3 net profit

23 Jul 2014 Evaluate

MRF has reported results for third quarter ended June 30, 2014.

The company’s net profit for the quarter increased marginally 1.29% at Rs 230.22 crore as compared to Rs 227.28 crore for the quarter ended June 30, 2013. Its total income has increased 9.71% to Rs 3357.03 crore for the quarter under review from Rs 3060.04 crore for the corresponding quarter of the previous year.

MRF (Madras Rubber Factory) is India’s No.1 tyre manufacturing company. Currently, the company exports tyres to over 65 countries including America, Europe, Middle East, Japan, and the Pacific region.

Peers
Company Name CMP
MRF 124570.90
Apollo Tyres 405.95
JK Tyres & Inds. 355.25
Ceat 3433.10
Balkrishna Inds. 2198.45
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