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MRF gains despite reporting 50% fall in Q4 consolidated net profit
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MRF is currently trading at Rs. 68750.00, up by 76.05 points or 0.11% from its previous closing of Rs. 68673.95 on the BSE.
The scrip opened at Rs. 68100.00 and has touched a high and low of Rs. 69233.50 and Rs. 67885.05 respectively. So far 177 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 87579.85 on 11-Oct-2021 and a 52 week low of Rs. 62944.50 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 72714.45 and Rs. 67321.15 respectively. The current market cap of the company is Rs. 28962.94 crore.
The promoters holding in the company stood at 27.95%, while Institutions and Non-Institutions held 27.27% and 44.79% respectively.
MRF has reported a fall of 50.58% in its net profit at Rs 156.78 crore for the quarter ended March 31, 2022 as compared to Rs 317.26 crore for the same quarter in the previous year. However, total income of the company increased by 9.82% at Rs 5,265.20 crore for Q4FY22 as compared Rs 4,794.21 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 50.26% in its net profit at Rs 165.21 crore for the quarter ended March 31, 2022 as compared to Rs 332.15 crore for the same quarter in the previous year. However, total income of the company increased by 10.19% at Rs 5,370.83 crore for Q4FY22 as compared Rs 4,874.20 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a fall of 48.17% in its net profit at Rs 647.34 crore as compared to Rs 1,249.06 crore for the previous year. Total income of the company increased by 19.69% at Rs 19,304.43 crore for year under review as compared to Rs 16,128.58 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a fall of 47.60% in its net profit at Rs 669.24 crore as compared to Rs 1,277.07 crore for the previous year. Total income of the company increased by 19.91% at Rs 19,633.71 crore for year under review as compared to Rs 16,373.13 crore for year ended March 31, 2021.
