Tyre major MRF on Monday posted Net profit to Rs 679.02 crore for the final quarter finished March 31. The organization had detailed a net benefit of Rs 293.93 crore for a similar time of 2018-19 financial.

Income from Operations remained at Rs 3,685.16 crore as contrasted and Rs 4,137.67 crore in a similar time of 2018-19, MRF Ltd NSE – 1.90 % said in an administrative documenting.

For 2019-20 financial, the organization posted a combined net benefit of Rs 1,422.57 cr crore as against Rs 1,130.61 crore in 2018-19.

Income from activities for last financial remained at Rs 16,239.36 crore when contrasted with Rs 16,062.46 crore in 2018-19.

The tyre business has been confronting market request issues radiating from the emergency that the vehicle part has been going up against for quite a while, the organization said.

In any case, the administration’s declaration of putting limitations on the import of tires is probably going to be of monstrous assistance to the business at a troublesome time.

The organization’s board suggested a last profit of Rs 94 for each offer for the year finished March 31.

With two between time profits of Rs 3 each paid during the year, the total profit for the last money related year is Rs 100 each per value portion of Rs 10 each.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

Leave a Reply