Categories Earnings, Other Industries

MRF Limited Q4FY23 Earnings Story

The MRF Group’s parent firm is Madras Rubber Factory Limited (MRF). The Co makes tyres as part of its line of work. The company makes tyres (its main product) for passenger vehicles, two-wheelers, three-wheelers, OTR, trucks, farm tractors, LCVs, tubes and flaps, SCV, pick-up cars, MCV, and ICV. Additionally, it produces Pretreads, Paints & Coats, and Sports goods. Additionally, it produces toys, games, and puzzles for children under the Funskool brand.

Financial Results:

  • MRF Limited reported Total Income for Q4FY23 of ₹ 5,912 Crores up from ₹ 5,371 Crore year on year, a rise of 10%.

  • Total Expenses for Q4FY23 of ₹ 5,410 Crores up from ₹ 5,143 Crores year on year, a rise of 5%.

  • Consolidated Net Profit of ₹ 341 Crores, up 106% from ₹ 165 Crores in the same quarter of the previous year.

  • The Earnings per Share is ₹ 803.26, up 106% from ₹ 389.55 in the same quarter of the previous year.

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