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MRF reports 57.22% rise in Q3 net profit

25 Jul 2013 Evaluate

MRF has reported results for the third quarter ended June 30, 2013.

The company has posted a rise of 57.22% in its net profit of Rs 227.28 crore for the quarter ended June 30, 2013 as compared to Rs 144.56 crore for the same quarter in the previous year. Total income has increased by 1.60% at Rs 3060.04 crore for quarter under review as compared to Rs 3011.89 crore for the quarter ended June 30, 2012.

MRF (Madras Rubber Factory) is India’s No 1 tyre manufacturing company. Currently, the company exports tyres to over 65 countries including America, Europe, Middle East, Japan, and the Pacific region.

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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