Q4FY17 Results : MRF Ltd
MRF Ltd. reported its results for the quarter ended March 31, 2017, today.
The company's total sales for Q4FY17 came in at Rs 3338 crore, which represents a 5.11 per cent sequential increase and 1.45 per cent YoY decline.
Its operating profit (EBIT) for the quarter amounted to Rs 360.9 crore and its EBIT margin stood at 10.81 per cent.
The company reported PAT of Rs 286.7 crore, which represents a sequential QoQ decline of 0.45 per cent and a YoY decline of 32.23 per cent.
The company's stock opened for trading at Rs 68,712 on the BSE, fell 2.51 per cent and closed at Rs.66,985
MRF Ltd is an Indian company engaged in the manufacture and marketing of tyres for various vehicles. The company's products include tyres, conveyor belts, pre-treads, paints and coats and sports goods. The company is operating only in rubber segment.