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MRF reports 67% jump in Q2 net profit

27 Apr 2012 Evaluate

Tyre maker MRF has reported 67.09% increase in standalone net profit, for the second quarter ended March 31, at Rs 150.13 crore. The company had posted a net profit of Rs 89.85 crore in the same period last year.

The company’s total income from operations surged 25.55% during the second quarter to Rs 2,992.80 crore from Rs 2,383.79 crore in the year-ago period.

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 123045.40
Apollo Tyres 405.45
JK Tyres & Inds. 340.35
Ceat 3287.05
Balkrishna Inds. 2081.80
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