MRF rides high despite its consolidated net profit drops marginally to Rs 571 crore in Q1
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
MRF is currently trading at Rs. 141570.05, up by 6908.10 points or 5.13% from its previous closing of Rs. 134661.95 on the BSE.
The scrip opened at Rs. 135497.55 and has touched a high and low of Rs. 142485.10 and Rs. 132001.05 respectively. So far 1758 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 151283.40 on 23-Feb-2024 and a 52 week low of Rs. 104750.95 on 14-Aug-2023.
Last one week high and low of the scrip stood at Rs. 142485.10 and Rs. 132001.05 respectively. The current market cap of the company is Rs. 60351.46 crore.
The promoters holding in the company stood at 27.78%, while Institutions and Non-Institutions held 29.82% and 42.41% respectively.
MRF has reported 3.25% fall in net profit at Rs 562.55 crore for first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 581.45 crore for the same quarter in the previous year. However, total income of the company increased by 11.93% at Rs 7,160.58 crore for Q1FY25 as compared to Rs 6,397.16 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 3.01% fall in its net profit at Rs 571.02 crore for the quarter ended June 30, 2024 as compared to Rs 588.75 crore for the same quarter in the previous year. However, total income of the company increased by 11.75% at Rs 7,280.49 crore for Q1FY25 as compared to Rs 6,514.98 crore for the corresponding quarter previous year.
