MRF has reported results for the fourth quarter and year ended March 31, 2020.
The company has reported over two fold jump in its net profit of Rs 672.39 crore for the quarter under review as compared to Rs 282.32 crore for the same quarter in the previous year. However, total income of the company decreased by 11.96% at Rs 3,682.66 crore for Q4FY20 as compared Rs 4,182.92 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported over two fold jump in its net profit attributable to owner of Rs 689.68 crore for the quarter under review as against Rs 282.49 crore for the same quarter in the previous year. However, total income of the company decreased by 11.87% at Rs 3,745.21 crore for Q4FY20 as compared Rs 4,249.46 crore for the corresponding quarter previous year.
For the year ended March 31, 2020, the company has reported 28.31% rise in its net profit of Rs 1,385.37 crore as compared to Rs 1,079.76 crore for the previous year. Total income of the company increased by 0.41% at Rs 16,321.64 crore for year under review as compared to Rs 16,254.47 crore for year ended March 31, 2019.
For the year ended March 31, 2020, on the consolidated basis, the company has reported 25.05% rise in its net profit attributable to owner of Rs 1,412.90 crore as compared to Rs 1,129.83 crore for the previous year. Total income of the company increased by 0.55% at Rs 16,574.74 crore for year under review as compared to Rs 16,484.19 crore for year ended March 31, 2019.
