The Murugappa Group’s Annual Press Meet was held at Chennai, India on May 15, 2019. Mr M M Murugappan, Executive-Chairman and Mr Sridharan Rangarajan, Group CFO, addressed delegates from the media.The Group’s financial performance for FY 2018-19 was shared with the media, followed by a Q&A session.
Murugappa Group registers a growth of 12% in turnover at $5.3 billion during 2018-19. Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) posted a growth of 12%, at $743 million. Profit after Tax was at $412 million registering a growth of 18%.