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MRF - Quaterly Results

03 May 2023 Evaluate
A fair growth of 10.10% in the revenue at Rs. 57253.90 millions was reported in the March 2023 quarter as compared to Rs. 52002.90 millions during year-ago period.The Net Profit of the company vaulted to 161.93% to Rs. 4106.60  millions from Rs. 1567.80 millions in the previous quarter.Operating profit for the quarter ended March 2023 rose to 9108.90 millions as compared to 5924.40 millions of corresponding quarter ended March 2022.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 57253.90 52002.90 10.10 225782.30 189895.10 18.90 225782.30 189895.10 18.90
Other Income 678.00 649.10 4.45 2482.10 3149.20 -21.18 2482.10 3149.20 -21.18
PBIDT 9108.90 5924.40 53.75 25855.30 23275.80 11.08 25855.30 23275.80 11.08
Interest 839.40 656.30 27.90 2980.60 2470.10 20.67 2980.60 2470.10 20.67
PBDT 9072.80 5268.10 72.22 23678.00 20805.70 13.81 23678.00 20805.70 13.81
Depreciation 3284.60 3102.50 5.87 12486.00 12014.10 3.93 12486.00 12014.10 3.93
PBT 5788.20 2165.60 167.28 11192.00 8791.60 27.30 11192.00 8791.60 27.30
TAX 1681.60 597.80 181.30 3029.70 2318.20 30.69 3029.70 2318.20 30.69
Deferred Tax -28.50 34.30 -183.09 -61.30 98.70 -162.11 -61.30 98.70 -162.11
PAT 4106.60 1567.80 161.93 8162.30 6473.40 26.09 8162.30 6473.40 26.09
Equity 42.40 42.40 0.00 42.40 42.40 0.00 42.40 42.40 0.00
PBIDTM(%) 15.91 11.39 39.65 11.45 12.26 -6.57 11.45 12.26 -6.57
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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