Key Points
BENGALURU, Nov 3 (Reuters) - India's MRF (MRF.NS) reported quarterly profit broadly in line with expectations on Friday, as the tyremaker benefited from softer raw material prices and steady demand for commercial vehicles...
Standalone profit from continuous operations jumped over fourfold to 5.72 billion rupees ($68.71 million) for the quarter ended Sept. 30, while analysts, on average, expected a profit of 5.71 billion rupees, according to LSEG data...
Steady demand for replacement tyres, and for commercial and passenger vehicles will drive up India's tyre volumes in the current fiscal year, analysts at Crisil Ratings had said in September...
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