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MRF reports 17% rise in Q3 consolidated net profit

10 Feb 2023 Evaluate

MRF has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported rise of 16.02% in its net profit at Rs 169.22 crore for Q3FY23 as compared to Rs 145.85 crore for the corresponding quarter previous year. Total income of the company increased by 14.41% to Rs 5,604.90 crore for the quarter under review as compared to Rs 4,898.84 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported rise of 17.03% in its net profit at Rs 174.83 crore for Q3FY23 as compared to Rs 149.39 crore for the same quarter in the previous year. Total income of the company increased by 14.55% to Rs 5,715.91 crore for the quarter under review as compared to Rs 4,989.67 crore for the same quarter in the 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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