MRF Ltd's Q3FY19 standalone net profit declines 18% yoy to Rs279cr: Misses Estimates
The company’s standalone revenue stood at Rs4,034cr, up 6.2% yoy and 4% qoq.
Feb 07, 2019 09:02 IST India Infoline Research Team
MRF Ltd Q3FY19
Standalone Results Q3FY19: (Rs. in cr)
Q3FY19 | YoY (%) | |
---|---|---|
Revenue | 4,033.76 | 6.2 |
EBITDA | 551.85 | [21.5] |
EBITDA Margin (%) | 13.7 | [483] |
Net Profit (adjusted) | 279.26 | [18.0] |
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Other Highlights
- The Board of Directors of MRF announced an interim dividend of Rs3/- per share.
- The Listed Secured Redeemable Non-Convertible Debentures of the Company aggregating to Rs500cr as on 31st December, 2018 are secured by way of legal mortgage of Company's Land at Taluka Kadi, District Mehsana, Gujarat and hypothecation by way of first charge on Plant & Machinery at the Company's Plants at Perarnbalur, Trichy, Tamilnadu, equivalent to the outstanding amount.
Technical View:
MRF Ltd is currently trading at Rs. 60,019.10, down by 33.55 points or 0.06% from its previous closing of Rs. 60,052.65 on the BSE.
The scrip opened at Rs. 60,060 and has touched a high and low of Rs. 60,812.90 and Rs. 59,090 respectively. So far 19,338 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.