Monday , September 27 2021

MRF surges on reporting many fold jump in Q1 consolidated net profit

MRF is currently trading at Rs. 80230.00, up by 216.10 points or 0.27% from its previous closing of Rs. 80013.90 on the BSE.

The scrip opened at Rs. 80200.00 and has touched a high and low of Rs. 80931.15 and Rs. 79755.05 respectively. So far 363 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 98575.90 on 11-Feb-2021 and a 52 week low of Rs. 55360.35 on 24-Sep-2020.

Last one week high and low of the scrip stood at Rs. 82600.00 and Rs. 79013.95 respectively. The current market cap of the company is Rs. 33971.56 crore.

The promoters holding in the company stood at 27.82%, while Institutions and Non-Institutions held 27.72% and 44.46% respectively.

MRF has reported results for first quarter ended June 30, 2021.

The company has reported 9- fold jump in its net profit from continuing operations at Rs 161.33 crore for the quarter under review as compared to net profit of Rs 17.05 crore for the same quarter in the previous year. Total income of the company increased by 70.60% at Rs 4220.08 crore for Q1FY22 as compared Rs 2473.61 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 12- fold jump in its net profit from continuing operations at Rs 165.58 crore for the quarter under review as compared to net profit of Rs 13.46 crore for the same quarter in the previous year. Total income of the company increased by 70.75% at Rs 4276.58 crore for Q1FY22 as compared Rs 2504.63 crore for the corresponding quarter previous year.

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