India, Aug. 19 -- Goodyear India said its first-quarter profit nearly tripled, boosted by higher revenue and improved margins as the tyre maker benefited from steady demand in the commercial vehicle segment.

Net profit for the three months ended 30 June surged to INR 1.41 billion from INR 487 million a year earlier, the company said in a regulatory filing.

Revenue from operations rose 8.7% to 655.2 billion rupees, driven by volume growth across passenger and commercial vehicle tyres despite competitive pricing pressures in the market.

The Ballabgarh-based company saw its operating expenses rise 7.6 percent to INR 641.9 billion during the quarter. Cost of materials consumed, the largest expense component, increased 4.4% to 267.4 billion ...