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MRF reports 94% rise in Q3 net profit

27 Jul 2015 Evaluate

MRF has reported results for third quarter ended June 30, 2015.

The company has reported a rise of 94.08% in its net profit at Rs 446.81 crore for the quarter ended June 30, 2015 as compared to Rs 230.22 crore for the same quarter in the previous year. The company’s total income has increased by 6.38% to Rs 3571.06 crore for the quarter under review, from Rs 3357.03  crore for the corresponding quarter of the 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 124570.90
Apollo Tyres 405.95
JK Tyres & Inds. 355.25
Ceat 3433.10
Balkrishna Inds. 2198.45
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