Город: Москва
Ваш регион
8 800 300-65-10
Город: Москва
Ваш регион
8 800 300-65-10

MRF Q4 net profit falls 51% to INR 332.15 crore

Leading tyre maker MRF on Monday reported 51% decline in its consolidated net profit at INR 332.15 crore for the fourth quarter ended March 31.


The company had posted a net profit of INR 679.02 crore in the January-March quarter of 2019-20.


"The second phase of the pandemic has affected our business with the continuing lockdown in different parts of the country. It is hoped that in a month or two the situation across the country will become more stable enabling the business to get back to normalcy," MRF said in a statement.

 

Its total income for the quarter, however, increased by 30% to INR 4,874.20 crore, compared to INR 3,745.21 crore in the year-ago period, MRF said in a regulatory filing.


For the financial year 2019-20, the company's standalone total income was INR 16128.58 crore compared to INR 16321.64 crore in the previous year.