MRF surges on reporting 2- fold jump in Q4 consolidated net profit
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MRF is currently trading at Rs. 95600.00, up by 2071.60 points or 2.21% from its previous closing of Rs. 93528.40 on the BSE.
The scrip opened at Rs. 93300.00 and has touched a high and low of Rs. 95600.00 and Rs. 93060.30 respectively. So far 704 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 95954.35 on 07-Nov-2022 and a 52 week low of Rs. 65900.05 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 95711.65 and Rs. 87200.00 respectively. The current market cap of the company is Rs. 40004.75 crore.
The promoters holding in the company stood at 27.84%, while Institutions and Non-Institutions held 29.71% and 42.45% respectively.
MRF has reported over 2- fold jump in its net profit at Rs 410.66 crore for fourth quarter ended March 31, 2023 as compared to Rs 156.78 crore for the same quarter in the previous year. Total income of the company increased by 10.03% at Rs 5793.19 crore for Q4FY23 as compared to Rs 5265.20 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 2- fold jump in its net profit at Rs 340.67 crore for fourth quarter ended March 31, 2023 as compared to Rs 165.21 crore for the same quarter in the previous year. Total income of the company increased by 10.07% at Rs 5911.51 crore for Q4FY23 as compared to Rs 5370.83 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 26.09% rise in its net profit at Rs 816.23 crore as compared to Rs 647.34 crore for the previous year. Total income of the company increased by 18.24% at Rs 22826.44 crore for year under review as compared to Rs 19304.43 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 14.90% rise in its net profit at Rs 768.96 crore as compared to Rs 669.24 crore for the previous year. Total income of the company increased by 18.48% at Rs 23261.17 crore for year under review as compared to Rs 19633.71 crore for year ended March 31, 2022.
