• MRF reported a 17% quarter-on-quarter (QoQ) growth in its consolidated revenues for the quarter ended September (Q2FY22). On a year-on-year (YoY) basis, the same grew by 16%.
  • Its expenses for the quarter were up by 17% QoQ and 28% YoY.
  • While the company’s net profit was up 14% QoQ during Q2FY22, it decreased by 54% on a YoY basis.
  • The earnings per share (EPS) of MRF stood at 445.8 during Q2FY22.

MRF’s Financial Statements for Q2FY22:

(Rs, crores) Q2FY21 Q1FY22 Q2FY22 QoQ (%) YoY (%)
Total Income 4,289 4,277 4,997 17% 16%
Total Expenses 3,718 4,054 4,741 17% 28%
Profit before tax 571 222 255 15% -55%
Tax 161 57 66 17% -59%
Profit after tax 411 166 189 14% -54%
Earnings per share 968.9 390.4 445.8    

Data Source: BSE, Company announcements

Want to get more analysis on Indian listed companies? Open an account and get daily stock research updates from Kotak Securities.

The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results