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MRF reports 18% fall in Q3 net profit

07 Feb 2019 Evaluate

MRF has reported results for third quarter ended December 31, 2018.

The company has reported a fall of 17.99% in its net profit at Rs 279.26 crore for the quarter under review as compared to Rs 340.51 crore for the same quarter in the previous year. However, total income of the company increased by 8.22% at Rs 4,159.51 crore for Q3FY19 as compared Rs 3,843.65 crore for the corresponding quarter previous year.

MRF is engaged in the manufacturing, distribution and sale of tyres for various kinds of vehicles. The company offers tyre shopping, tyredrome and tyre maintenance services. It also provides an institute for driver development.

Peers
Company Name CMP
MRF 122300.00
Apollo Tyres 402.25
JK Tyres & Inds. 339.45
Ceat 3350.00
Balkrishna Inds. 2003.50
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