- MRF’s net income for the first quarter is 5.63 billion rupees, surpassing the estimate of 4.3 billion rupees.
- Net income showed a slight decline of 3.1% year-over-year (y/y).
- The company’s revenue increased by 12% y/y to 70.8 billion rupees, beating the estimated 65.53 billion rupees.
- Total costs climbed by 14% y/y, reaching 64.1 billion rupees.
- Other income also increased by 12% y/y, amounting to 827.4 million rupees.
- Shares of MRF rose by 2.9%, reaching 0.14 million rupees with 15,483 shares traded.
- Analyst ratings include 0 buys, 2 holds, and 8 sells.
A look at Mrf Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
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 Smartkarma Smart Scores, MRF Ltd shows a promising long-term outlook. With a solid resilience score of 4, the company demonstrates strong ability to weather market fluctuations and challenges. This indicates a stable foundation for future growth and sustainability. Additionally, MRF Ltd scores well in value, growth, and momentum, with scores of 3 in each category. This suggests that the company is positioned well for potential value appreciation, growth opportunities, and positive market momentum in the long run.
MRF Ltd, a leading manufacturer of tyres and tubes for various vehicles including automobiles, aircrafts, motorcycles, and cycles, is known for its quality and performance. Each tyre is meticulously crafted and rigorously tested on race and rally tracks, showcasing the company’s commitment to excellence and innovation. With a balanced mix of strengths across different Smart Scores, MRF Ltd appears poised to continue its legacy of delivering reliable products and driving future success.
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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