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MRF reports 80% jump in Q1 net profit

12 Feb 2015 Evaluate

MRF has reported results for first quarter ended December 31, 2014.

The company has registered a rise of 79.84% in its net profit at Rs 323.51 crore for the quarter under review as compared to Rs 179.89 crore for the same quarter in the previous year. The total income of the company increased by 5.24% at Rs 3378.63 crore for December Quarter as compared to Rs 3210.51 crore for the corresponding quarter previous year.

MRF is India’s No.1 tyre manufacturing company with a turnover of Rs 14,000 crore. Currently, the company exports tyres to over 80 countries including America, Europe, Middle East, Japan, and the Pacific region. The overseas market contributes to 10-12% of the company's turnover at present.

Peers
Company Name CMP
MRF 122373.30
Apollo Tyres 400.85
JK Tyres & Inds. 332.25
Ceat 3287.80
Balkrishna Inds. 1995.85
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