💨 Abstract

Indian tyre manufacturer MRF reported a better-than-expected Q2 profit, with stronger replacement demand from retail customers offsetting weak sales to carmakers. The company's net profit fell 20.4% to 4.55 billion rupees (approximately $54 million), but exceeded analysts' average estimate of 4.25 billion rupees.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖