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MRF reports 38% drop in Q3 consolidated net profit

06 Feb 2025 Evaluate

MRF has reported results for third quarter ended December 31, 2024 (Q3FY25)

The company has reported 39.62% fall in net profit at Rs 306.72 crore for Q3FY25 as compared to net profit of Rs 508.02 crore for the same quarter in the previous year. However, total income of the company increased by 13.97% at Rs 6979.77 crore for Q3FY25 as compared to Rs 6124.39 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 38.11% fall in its net profit at Rs 315.46 crore for the quarter ended December 31, 2024 as compared to net profit of Rs 509.71 crore for the same quarter in the previous year. However, total income of the company increased by 13.76% at Rs 7098.90 crore for Q3FY25 as compared to Rs 6240.08 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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