148760.0000 -1445.00 (-0.96%)
NSE Dec 29, 2025 15:31 PM
Volume: 6,672
 

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MRF Ltd.
03 May 2019
148760.00
-0.96%
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 170000.00 from 1 broker.
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