Siemens, Zydus, MRF, Insecticides India report lower Q1 net profits

Every three months, companies tell everyone how much money they made.

Four big Indian companies did this recently, and all of them made less profit than they did a year ago.

Profit is the money left over after a company pays for everything it needs.

Insecticides India, a company that helps farmers, sold less because the rains did not come as expected.

Siemens, a company that makes electrical equipment, earned less even though it sold more, because materials cost more and currency values changed.

Zydus Lifesciences, a medicine company, kept less profit because its expenses went up.

MRF, a tyre company, also made a bit less because raw materials were expensive.

When costs go up or sales go down, it is harder for companies to keep as much profit.