MRF Q1FY24 Results: Consolidated PAT Rises to Rs. 588.75 Cr

MRF Q1FY24 Results: Consolidated PAT Rises to Rs. 588.75 Cr

MRF Q1 results show revenue up from 5911.51 crores to 6514.98 crores, a 10.21% increase in growth. EPS rise from ₹803.26 to ₹1388.19, up by 72.82%.

First, Let’s Begin with Quarter-on-Quarter Basis:

MRF shared its Q1 results on Thursday. They earned 6514.98 crores in revenue this quarter, but that’s more than the 5911.51 crores they made last quarter. The company’s growth increased by 10.21 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 588.75 crores, up from 340.67 crores in the previous quarter. Their quarter-to-quarter growth increased by 72.82 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹1388.19, which is an increase of 72.82% from the ₹803.26 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 6514.98 crores this year (2023), which is 13.69 percent higher than last year’s total revenue of 5730.37 crores.

This year’s PAT (Profit After Tax) is 588.75 crores, which is also 376.33% higher than last year’s PAT of 123.60 crores.

The EPS (Earnings Per Share) for this year is ₹1388.19, which is 376.39% more than the EPS of ₹291.4 earned last year.

Also Read: Cera Sanitaryware Q1FY24 Results: Consolidated PAT Down to Rs. 56.28 Cr

MRF Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About MRF:

MRF Limited is a manufacturer and distributor of tyres and tubes for automobiles, aircraft, motorcycles, and cycles. The company also produces conveyor belts, paints, coatings, and hoses. Each MRF tyre is meticulously designed and tested on race and rally tracks to ensure exceptional performance and quality.

Download the Full PDF of MRF Q1 Results: Click Here

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