MRF LTD. Announces Quarterly Results (1QFY21); Net Profit Down 93.7%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

MRF LTD. Announces Quarterly Results (1QFY21); Net Profit Down 93.7%
Thu, 10 Sep

MRF LTD. has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

MRF LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m44,09536,25224,306-33.0%-44.9%
Other incomeRs m1,049575430-25.1%-59.0%
TurnoverRs m45,14436,82724,736-32.8%-45.2%
ExpensesRs m38,06730,55320,991-31.3%-44.9%
Gross profitRs m6,0285,6993,315-41.8%-45.0%
DepreciationRs m2,2802,6652,7302.4%19.7%
InterestRs m6826927376.6%8.1%
Profit before taxRs m4,1152,918279-90.4%-93.2%
TaxRs m1,430-3,777109-92.4%
Profit after taxRs m2,6856,695171-97.5%-93.7%
Gross profit margin%13.715.713.6
Effective tax rate%34.7-129.438.9
Net profit margin%5.918.20.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 44.9% on a year-on-year (YoY) basis. The expenses were down by 44.9% YoY during the same period.
  • The company's operating profit declined by 45.0% YoY during the quarter. Consequently, operating profit margins remained same and stood at 13.6% in 1QFY21.
  • Depreciation charges increased by 19.7% and finance costs increased by 8.1% YoY, respectively.
  • Other income declined by 59.0% YoY during the quarter.
  • Net profit for the quarter declined by 93.7% YoY. Net profit margins during the quarter declined from 5.9% in 1QFY20 to 0.7% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 33.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 31.3% QoQ during the same period.
  • The company's operating profit declined by 41.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.6% in 1QFY21 as against 15.7% in 4QFY20.
  • Net profit for the quarter declined by 97.5% QoQ, while net profit margins declined from 18.2% in 4QFY20 to 0.7% in 1QFY21.

To see how MRF LTD. has performed over the last eight quarters,please visit here.

30th Oct, 6PM: Webinar teaching How to Ride India's Economic Recovery

MRF LTD. Share Price Performance

Over the last one year,MRF LTD. share price has moved up from Rs 58,830.9 to Rs 59,231.1, registering a Gain of Rs 400.2 or around 0.7%.

Overall, the S&P BSE SENSEX is up 3.5% over the year.

Current Valuations

At the current price of Rs 59,231.1, the price to earnings (P/E) ratio of MRF LTD. stands at 22.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

Equitymaster requests your view! Post a comment on "MRF LTD. Announces Quarterly Results (1QFY21); Net Profit Down 93.7%". Click here!

  

Related Views on News

MRF LTD. Announces Quarterly Results (3QFY20); Net Profit Down 15.3% (Quarterly Result Update)

Feb 12, 2020 | Updated on Feb 12, 2020

For the quarter ended December 2019, MRF LTD. has posted a net profit of Rs 2 bn (down 15.3% YoY). Sales on the other hand came in at Rs 40 bn (down 0.6% YoY). Read on for a complete analysis of MRF LTD.'s quarterly results.

MRF LTD. Announces Quarterly Results (2QFY20); Net Profit Down 16.2% (Quarterly Result Update)

Nov 12, 2019 | Updated on Nov 12, 2019

For the quarter ended September 2019, MRF LTD. has posted a net profit of Rs 2 bn (down 16.2% YoY). Sales on the other hand came in at Rs 39 bn (up 0.5% YoY). Read on for a complete analysis of MRF LTD.'s quarterly results.

MRF LTD. 2018-19 Annual Report Analysis (Annual Result Update)

Jul 24, 2019 | Updated on Jul 24, 2019

Here's an analysis of the annual report of MRF LTD. for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of MRF LTD.. Also includes updates on the valuation of MRF LTD..

More Views on News

Most Popular

My View on ITC(Fast Profits Daily)

Oct 23, 2020

What do the charts say about ITC?

PSU Banks Will Move Up Again(Profit Hunter)

Oct 27, 2020

My charts tell me PSU banks are set for a rebound.

One of the Best Investment Opportunities in the Market Right Now(Fast Profits Daily)

Oct 16, 2020

The one sector that you should be looking at to make good profits.

Why India's Drone Revolution is a 4x Profit Opportunity(Profit Hunter)

Oct 16, 2020

My research on India's leading defence companies brought me to one major player in drone manufacturing.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

MRF. SHARE PRICE


Oct 29, 2020 03:32 PM

TRACK MRF.

MRF. - GOODYEAR (I) COMPARISON

COMPARE MRF. WITH

MARKET STATS