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MRF reports marginal rise of 2% in Q1 consolidated net profit

09 Aug 2019 Evaluate

MRF has reported results for first quarter ended June 30, 2019.

The company has reported marginal rise of 2.98% in its net profit at Rs 268.52 crore for the quarter under review as compared to Rs 260.74 crore for the same quarter in the previous year. Total income of the company increased by 15.54% at Rs 4,514.38 crore for Q1FY20 as compared Rs 3907.19 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported marginal rise of 2.13% in its net profit at Rs 273.27 crore for the quarter under review as compared to Rs 267.56 crore for the same quarter in the previous year. Total income of the company increased by 15.73% at Rs 4,576.66 crore for Q1FY20 as compared Rs 3954.51 crore for the corresponding quarter previous year.

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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