Mrf Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2020
June 29, 2020 at 08:51 am
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MRF Limited announced earnings results for the fourth quarter ended March 31, 2020. For the fourth quarter, the company announced total revenue was INR 37,452.1 million compared to INR 42,494.6 million a year ago. Net income was INR 6,790.2 million compared to INR 2,939.3 million a year ago. Basic earnings per share from continuing operations was INR 1,601.03 compared to INR 693.05 a year ago. For the full year, total revenue was INR 165,747.4 million compared to INR 164,841.9 million a year ago. Net income was INR 14,225.7 million compared to INR 11,306.1 million a year ago. Basic earnings per share from continuing operations was INR 3,354.2 compared to INR 2,665.82 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.