Mrf Limited Reports Earnings Results for the Third Quarter Ended December 31, 2019
February 10, 2020 at 03:36 am
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MRF Limited announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced total revenue was INR 41,497.6 million compared to INR 42,214.5 million a year ago. Net income was INR 2,413.2 million compared to INR 2,908.3 million a year ago. Basic earnings per share from continuing operations was INR 569 compared to INR 685.73 a year ago. For the nine months, total revenue was INR 128,295.3 million compared to INR 122,347.3 million a year ago. Net income was INR 7,435.5 million compared to INR 8,366.8 million a year ago. Basic earnings per share from continuing operations was INR 1,753.18 compared to INR 1,972.77 a year ago.
MRF Limited is an India-based holding company. The Company is engaged in the manufacturing and sale of tires, tubes, flaps, tread rubber, and/or dealing in rubber and rubber chemicals. The Company's tires products include 225/55R16 PERFINZA CLX1 - TL, 225/45R17 PERFINZA CLX1 - TL, 205/60R16 PERFINZA CLX1 - TL, 205/55R16 PERFINZA CLX1 - TL, 195/65R15 PERFINZA CLX1 - TL, 195/60R15 PERFINZA CLX1 - TL, 245/45R17 PERFINZA CLY1 - TL, 245/45ZR18 PERFINZA CLY1 - TL and others. The Company's international business has a range of tires in various categories, including heavy-duty truck/bus tires, light trucks, MUV/RCV/passenger cars, motorsports, farm services, military services, forklifts, two/three-wheeler, off-the-road/earthmovers, and pretreads. The Company's sports goods offer the Virat Kohli range, the English Willow range, the Kashmir Willow range, junior kits, protective gear, and others. Its wholly owned subsidiaries include MRF Corp Ltd., MRF Lanka Pvt. Ltd., and MRF SG PTE LTD.