MRF Q1 Net Profit Slips to Rs 495 Crore

MRF is a big company in India that makes tyres for cars, trucks, and other vehicles.

A few times every year, the company tells the world how much money it earned.

In the latest three months, MRF sold more tyres than before and earned more money overall.

But the final profit it got to keep went down a little bit.

The profit fell about one percent, from around 502 crore rupees to 495 crore rupees.

The main reason is that the materials used to make tyres cost more money than before.

Some of those material prices went up because there is fighting happening in the Middle East.

Even though profit was a bit lower, MRF is still making a lot of money.

MRF tried to make things better by raising tyre prices and cutting other costs.

The company thinks material costs may stay high for a while, so making tyres may keep costing more.