- MRF’s net income for the third quarter was 3.07 billion rupees, falling 40% year-over-year and missing the estimated 4.14 billion rupees.
- Revenue increased by 14% year-over-year, reaching 68.8 billion rupees, beating the estimate of 67.71 billion rupees.
- Total costs for the quarter were 65.7 billion rupees, reflecting a 21% year-over-year increase.
- Other income increased by 26% year-over-year, totaling 966 million rupees.
- The company announced a dividend of 3 rupees per share.
- Following the profit miss, MRF shares fell by as much as 2%.
- Analysts’ ratings include 3 buy recommendations, 1 hold, and 6 sell recommendations for MRF.
A look at Mrf Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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
According to the Smartkarma Smart Scores, MRF Ltd shows a promising long-term outlook. With strong ratings in Growth and Resilience, the company is positioned well for future expansion and able to withstand market challenges effectively. The company’s focus on innovation and adaptability has contributed to its positive momentum score, indicating a steady performance trajectory. While the Value and Dividend scores are moderate, the overall outlook for MRF Ltd appears favorable, driven by its solid growth potential and ability to navigate market uncertainties with resilience.
MRF Limited, a leading manufacturer in the tyre and tube industry, has garnered notable scores in key factors essential for long-term success. With a strong emphasis on quality and performance, MRF’s products are known for their durability and reliability. The company’s commitment to research and development, evident in its special acid tests on race and rally tracks, underscores its dedication to excellence in product design and innovation. As MRF Ltd continues to demonstrate growth, resilience, and momentum in its operations, investors may find the company’s long-term prospects appealing for potential returns.
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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