MRF Q4FY22 and Year Ended result : Profit surges down by 50% to ₹165 Cr YoY and fell 47% in FY22-21 too | Dividend

Net Profit of ₹165.21 crore in the quarter ended on March 31, 2022 as against ₹332.15 crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT surges down by 50.26%.

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MRF is India’s largest tyre manufacturer and ranked amongst the Top 20 Global Manufacturers with 9 state-of-the-art factories across India. It is also India’s largest Original Equipment Manufacturer (OEM) tyre supplier with an expansive tyre range from two-wheelers to fighter aircrafts. The company has posted its Q4FY22 and year ended financial results today, the details are as below :

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹5,370.83 crore in the quarter ended on March 31, 2022 as against ₹4,874.20 crore in the corresponding quarter ended last year on Mar 31, 2021, increased by 10.19%.

The company has posted a consolidated Net Profit of ₹165.21 crore in the quarter ended on March 31, 2022 as against ₹332.15 crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT surges down by 50.26%.

The status of the EPS of the company stood at ₹389.55 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹783.16, down by 50.26%.

₹*Mar 31, 2022 (Q4FY22)Dec 31, 21 (Q3FY22)Mar 31, 21 (Q4FY21)
Total Income5,370.834989.674,874.20
Total Expenses5142.794787.334425.21
PBT /(Loss)228.04202.34448.99
Total Tax /(credit)62.8352.95116.84
PAT /(Loss) [to the owners]165.21149.39332.15
*figures are in Crores

(II) Audited Consolidated Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹19,633.71 crore in the financial year ended on March 31, 2022 as against ₹16,373.13 crore for the financial year ended on Mar 31, 2021, increased by 19.91%.

The company has posted a consolidated Net Profit of ₹669.24 crore in the financial year ended on March 31, 2022 as against ₹1,277.07 crore for the financial year ended on March 31, 2021. The PAT surges down by 47.60%.

The status of the EPS of the company stood at ₹1,577.97 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹3,011.14, down by 47.6%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income19,633.7116,373.13
Total Expenses18725.7814636.29
PBT /(Loss)907.931763.84
Total Tax /(credit)238.69459.77
PAT /(Loss)669.241,277.07
*figures are in Crores

A) MRF Tyres Final Dividend recommended – Check out the details.

B) MRF Tyres Re-appointed the whole-time Directors of the company – Check out the details here.

Shares of MRF Ltd was last traded in BSE at ₹68679.35 as compared to the previous close of ₹70065.50. The total number of shares traded during the day was 318 in over 240 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 70895.95
  • Intraday low of ₹ 67321.15