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Published on 12/02/2021 10:43:34 AM | Source: Accord Fintech

MRF shines on reporting 2- fold jump in Q3 consolidated net profit

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MRF is currently trading at Rs. 92856.45, up by 2779.65 points or 3.09% from its previous closing of Rs. 90076.80 on the BSE.

The scrip opened at Rs. 91990.00 and has touched a high and low of Rs. 92800.00 and Rs. 90381.75 respectively. So far 1654 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. 50000.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 98575.90 and Rs. 89150.00 respectively. The current market cap of the company is Rs. 38797.55 crore.

The promoters holding in the company stood at 27.84%, while Institutions and Non-Institutions held 27.88% and 44.28% respectively.

MRF has reported 2- fold jump in its net profit from continuing operations at Rs 511.72 crore for the quarter ended December 31, 2020 as compared to net profit at Rs 236.63 crore for the same quarter in the previous year. However, total income of the company increased by 13.42% at Rs 4630.13 crore for Q3FY21 as compared Rs 4082.23 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 2- fold jump in its net profit from continuing operations at Rs 520.54 crore for the quarter ended December 31, 2020 as compared to net profit at Rs 241.32 crore for the same quarter in the previous year. Total income of the company increased by 13.39% at Rs 4705.22 crore for Q3FY21 as compared Rs 4149.76 crore for the corresponding quarter previous year.