132665.0000 -1335.00 (-1.00%)
NSE Aug 21, 2026 15:31 PM
Volume: 2,811
 

logo
MRF Ltd.
03 May 2019
132665.00
-1.00%
BOB Capital Markets Ltd.
MRF's Q3FY19 revenue grew 5% YoY to Rs 40.7bn, but a 170bps contraction in gross margin and 200bps rise in other expense/sales prompted a 17% YoY drop in EBITDA to Rs 5.7bn and 370bps decline in operating margin to 14%. A below-expected tax rate limited the fall in adj. PAT to 24% YoY at Rs 2.9bn. We prune our FY20/FY21 EPS estimates by ~9% each assuming lower gross margins and weaker demand outlook going ahead and roll over to a...
MRF Ltd. has an average target of 113936.00 from 1 broker.
More from MRF Ltd.
Recommended