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MRF reports many fold jump in Q1 consolidated net profit

09 Aug 2021 Evaluate

MRF has reported results for first quarter ended June 30, 2021.

The company has reported 9- fold jump in its net profit from continuing operations at Rs 161.33 crore for the quarter under review as compared to net profit of Rs 17.05 crore for the same quarter in the previous year. Total income of the company increased by 70.60% at Rs 4220.08 crore for Q1FY22 as compared Rs 2473.61 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 12- fold jump in its net profit from continuing operations at Rs 165.58 crore for the quarter under review as compared to net profit of Rs 13.46 crore for the same quarter in the previous year. Total income of the company increased by 70.75% at Rs 4276.58 crore for Q1FY22 as compared Rs 2504.63 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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