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MRF reports rise of 20% in Q4 net profit

03 May 2018 Evaluate

MRF has reported results for the fourth quarter and year ended March 31, 2018. 

The company has reported a rise of 20.42% in its net profit at Rs 345.32 crore for the quarter ended March 31, 2018 as compared to Rs 286.77 crore for the same quarter in the previous year. Total income of the company has increased marginally by 4.41% at Rs 3,944.75 crore for quarter under review as compared to Rs 3,778.23 crore for the quarter ended March 31, 2017.

For the year ended March 31, 2018, the company has posted a fall of 24.73% in its net profit at Rs 1,092.28 crore as compared to Rs 1,451.08 crore for the same period in the previous year. However, total income of the company increased marginally by 2.86% at Rs 15,509.55 crore for year under review as compared to Rs 15,078.01 crore for the period ended March 31, 2017.

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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