For the quarter ending March 2022, consolidated net sales (including other operating income) of MRF has increased 10.14% to Rs 5304.82 crore compared to quarter ended march 2021.?
Operating profit margin has declined from 15.91% to 10.18%, leading to 29.52% decline in operating profit to Rs 540.20 crore.??Raw material cost as a % of total sales (net of stock adjustments) increased from 60.78% to 65.61%. ??Purchase of finished goods cost fell from 0.15% to 0.12%. ??Employee cost decreased from 7.47% to 7.43%. ??Other expenses rose from 15.61% to 16.08%. ??Other income rose 14.32% to Rs 66.01 crore.??PBIDT fell 26.45% to Rs 606.21 crore.??Provision for interest fell 12.19% to Rs 67.4 crore.??PBDT fell 27.91% to Rs 538.81 crore.??Provision for depreciation rose 4.14% to Rs 310.77 crore.??Profit before tax down 49.21% to Rs 228.04 crore.??Share of profit/loss were nil in both the periods.??Provision for tax was expense of Rs 62.83 crore, compared to Rs 116.84 crore.??Effective tax rate was 27.55% compared to 26.02%.Minority interest was nil in both the periods.??Net profit attributable to owners of the company decreased 50.26% to Rs 165.21 crore.??Promoters stake was 27.95% as of 31 March 2022 ,compared to 27.84% as of 31 March 2021 .??
Full year results analysis.
Net sales (including other operating income) of MRF has increased 19.51% to Rs 19316.72 crore.??Operating profit margin has declined from 18.20% to 10.61%, leading to 30.33% decline in operating profit to Rs 2,049.79 crore.??Raw material cost as a % of total sales (net of stock adjustments) increased from 56.63% to 66.52%. ??Purchase of finished goods cost fell from 0.10% to 0.09%. ??Employee cost decreased from 8.95% to 7.45%. ??Other expenses rose from 15.71% to 15.78%. ??Other income rose 50.99% to Rs 316.99 crore.??PBIDT fell 24.92% to Rs 2366.78 crore.??Provision for interest fell 7.60% to Rs 253.8 crore.??PBDT fell 26.57% to Rs 2112.98 crore.??Provision for depreciation rose 5.63% to Rs 1205.05 crore.??Profit before tax down 47.73% to Rs 907.93 crore.??Share of profit/loss were nil in both the periods.??Provision for tax was expense of Rs 238.69 crore, compared to Rs 459.77 crore.??Effective tax rate was 26.29% compared to 26.47%.Minority interest was nil in both the periods.??Net profit attributable to owners of the company decreased 47.60% to Rs 669.24 crore.??Promoters stake was 27.95% as of 31 March 2022 ,compared to 27.84% as of 31 March 2021 .?? Dividend update Board of Directors recommended a final dividend of Rs 144 (1440%) per share of Rs 10 each. The Company has already declared and paid two interim dividends of Rs 3 (30%) each per share for the financial year ended 31st March, 2022. The total dividend for the financial year ended 31st March 2022 works out to Rs 150 (1500%) per share of Rs 10 each.
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