130120.0000 -1230.00 (-0.94%)
NSE Jun 24, 2026 15:31 PM
Volume: 5,739
 

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MRF Ltd.
03 May 2019
130120.00
-0.94%
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. is trading above its 50 day SMA of 129200.7
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