MRF jumps after strong Q4 outcome

MRF rose 3.79% to Rs 32,900 at 15:18 IST on BSE after net profit surged 72.14% to Rs 316.91 crore on 7.15% increase in total income to Rs 3386 crore in Q4 September 2014 over Q4 September 2013.

The result was announced during trading hours today, 26 November 2014.

Meanwhile, the BSE Sensex was up 54.14 points, or 0.19%, to 28,392.19

On BSE, so far 5,571 shares were traded in the counter, compared with an average volume of 2,732 shares in the past one quarter.

The stock hit a high of Rs 33,187.15 and a low of Rs 31,723.20 so far during the day. The stock hit a record high of Rs 33,378 on 12 November 2014. The stock hit a 52-week low of Rs 16,902 on 25 November 2013.

The stock had underperformed the market over the past one month till 25 November 2014, rising 2.65% compared with the Sensex's 5.54% rise. The stock, however, outperformed the market in past one quarter, jumping 31.56% as against Sensex's 7.19% rise.

The mid-cap company has an equity capital of Rs 4.24 crore. Face value per share is Rs 10.

MRF's net profit rose 11.92% to Rs 897.89 crore on 9.07% increase in total income to Rs 13263.20 crore in the year ended 30 September 2014 over the year ended 30 September 2013.

On a consolidated basis, MRF's net profit rose 12.33% to Rs 908.32 crore on 9.14% increase in total income to Rs 13396.19 crore in the year ended 30 September 2014 over the year ended 30 September 2013.

MRF manufactures the largest range of tyres in India and exports to various countries worldwide.

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