Tata Motors said on Tuesday that its consolidated net loss stood at Rs 307.26 crore in the second quarter (September) quarter of the current financial year. The company had a net loss of Rs 187.7 crore in the same period a year ago. Tata Motors said in a regulatory filing that the company’s operating revenue declined to Rs 53,530 crore in the September 2020 quarter. The operational revenue was 65,431.95 crore rupees in the same period a year ago.
182 million rupees profit to Ceat Tire
Tire manufacturer Ceat said that consolidated net profit in the second quarter increased four-fold to Rs 182.18 crore. The company had a net profit of Rs 43.64 crore in the same period a year ago. In the September quarter, the company’s operational revenue increased to Rs 1978.47 crore from Rs 1691.55 crore in the year-ago period. Ceat expanded the second face in the manufacturing facility in Nagpur from 24 August.
Bharti Airtel’s net loss comes down to Rs 763 crore
Telecom company Bharti Airtel has said that its consolidated net loss in the July-September quarter has come down to Rs 763 crore. The net loss of the company was Rs 23,405 crore in the same period a year ago. At the same time, the company’s revenue increased by 22 percent to Rs 25,785 crore in the September 2020 quarter. The company says that due to higher tariffs and remote working, there has been a jump in revenue due to increased data consumption.
Amara Raja Batteries profits down 8%
Amara Raja Batteries, the automotive and industrial battery manufacturer, declined 8%. In the regulatory filing, the company said that the net profit in the September quarter was Rs 201 crore. The company had a net profit of Rs 219 crore in the same period a year ago. The company’s revenue increased to Rs 1936 crore in the September 2020 quarter. The company’s revenue in the same period a year ago was Rs 1695 crore.
NTPC board meeting on 2 November
The board of directors of NTPC, a major power sector company, will meet on 2 November. The second quarter financial results will be discussed in this meeting. The September quarter results can be released after the meeting.