- MRF’s net income for the first quarter was 4.84 billion rupees, a 14% decrease compared to the previous year.
- The net income missed analysts’ estimates, which were set at 5.48 billion rupees.
- The company’s revenue increased by 6.8% year-over-year, reaching 75.6 billion rupees.
- This revenue slightly exceeded the estimated figure of 75.11 billion rupees.
- Total costs for MRF rose by 9.8% from the prior year to 70.4 billion rupees.
- Other income for the company saw a significant increase, up by 51% to 1.25 billion rupees.
- Market analysts’ current stance on MRF includes 3 buy recommendations, 1 hold, and 7 sell recommendations.
“`
A look at Mrf Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, MRF Ltd has a promising long-term outlook. With high scores in momentum and growth, the company is showing positive signs of expansion and strong performance. Additionally, MRF Ltd has demonstrated resilience, which indicates its ability to weather economic uncertainties and challenges.
While the company’s value and dividend scores are not as high as its growth and momentum ratings, the overall outlook for MRF Ltd appears to be optimistic. MRF Ltd’s core business of manufacturing and distributing tyres for various vehicles, along with its diverse product range, positions it well for future success in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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