MUMBAI: today reported a net loss of Rs 1,047 crore due to a sharp rise in provisions for bad loans in the quarter and deterioration in asset quality on a reported basis. Analysts had expected the state-owned bank to report a net profit of Rs 1,042.6 crore for the reported quarter. The bank’s provisions for … Read more
MUMBAI: today reported a surprise consolidated net loss of Rs 7,605.4 crore for the quarter ended March due to a large write off related to subsidiary Jaguar Land Rover. Analysts had expected the automaker to report consolidated net profit of Rs 3,367.3 crore for the quarter. In the year-ago quarter, the company had reported a … Read more
Motherson Sumi Systems on Tuesday posted a consolidated net loss of Rs 1,191.65 crore for the June quarter as the business activity was badly hit by Covid-19 pandemic. An ET NOW poll of analysts had projected the figure at Rs 540 crore. The auto ancillary firm had reported a profit of Rs 360.64 crore in … Read more