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MRF reports over four-fold rise in Q3 net

25 Jul 2012 Evaluate

MRF has reported results for third quarter ended June 30, 2012.

On standalone basis, the company has posted a rise of 352.46% in its net profit at Rs 144.56 crore for the quarter ended June 30, 2012 as compared to Rs 31.95 crore for the same quarter in the previous year. Total income has increased by 16.55% at Rs 3011.89 crore for quarter under review as compared to Rs 2584.15 crore for the quarter ended June 30, 2011.

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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