Telecom company Bharti Airtel has said that its consolidated net loss in the July-September quarter has come down to Rs 763 crore.
Tata Motors said on Tuesday that its consolidated net loss in the second quarter (September) quarter of the current financial year was Rs 307.26 crore. 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, latest news, 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.
It generated a 65 million pound profit before tax (PBT) in the second quarter up significantly from a loss of 413 million pound in the prior quarter but lower than the pre-COVID PBT of 156 million pound a year ago.
"The improvement in the year reflects the recovery in sales, 0.3 billion pound of project charge+ cost efficiencies and favourable foreign exchange impact. Margins improved from Q1 with EBITDA at 11.1 percent and EBIT at 0.3 percent," company said.
Tata Motors invested Rs 669 crore and JLR 531 million pound in products and technologies during the quarter, while both had reported positive cash flows of Rs 2,300 crore and 463 million pound respectively in the quarter.
"We look forward to a gradual pickup in demand and supply situation on the back of overall economic recovery expected in second half of FY21. The company will focus on conserving cash by rigorously managing cost and investment spends to protect liquidity," Tata Motors said.
The company has called out a cash improvement program of Rs 6,000 crore including a cost improvement program of Rs 1,500 crore. Due to these actions, the company expects improving cash flows for the remainder of the year.
"PV achieved EBITDA breakeven led by strong customer pull for its 'new forever' range. CV profitability improved sequentially but continues to be impacted by lower volumes and adverse mix on a YoY basis. Business generated strong positive free cash flows led by the cash savings initiatives which yielded Rs 1,500 crore in the quarter and Rs 2,500 crore year-to-date," company said.
The UK-based luxury car maker Jaguar Land Rover sold 1,13,600 units during the q
Tata Motors said on Tuesday that its consolidated net loss in the second quarter (September) quarter of the current financial year was Rs 307.26 crore. 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, latest news, 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.
It generated a 65 million pound profit before tax (PBT) in the second quarter up significantly from a loss of 413 million pound in the prior quarter but lower than the pre-COVID PBT of 156 million pound a year ago.
"The improvement in the year reflects the recovery in sales, 0.3 billion pound of project charge+ cost efficiencies and favourable foreign exchange impact. Margins improved from Q1 with EBITDA at 11.1 percent and EBIT at 0.3 percent," company said.
Tata Motors invested Rs 669 crore and JLR 531 million pound in products and technologies during the quarter, while both had reported positive cash flows of Rs 2,300 crore and 463 million pound respectively in the quarter.
"We look forward to a gradual pickup in demand and supply situation on the back of overall economic recovery expected in second half of FY21. The company will focus on conserving cash by rigorously managing cost and investment spends to protect liquidity," Tata Motors said.
The company has called out a cash improvement program of Rs 6,000 crore including a cost improvement program of Rs 1,500 crore. Due to these actions, the company expects improving cash flows for the remainder of the year.
"PV achieved EBITDA breakeven led by strong customer pull for its 'new forever' range. CV profitability improved sequentially but continues to be impacted by lower volumes and adverse mix on a YoY basis. Business generated strong positive free cash flows led by the cash savings initiatives which yielded Rs 1,500 crore in the quarter and Rs 2,500 crore year-to-date," company said.
The UK-based luxury car maker Jaguar Land Rover sold 1,13,600 units during the quarter ended September 2020, down 11.9 percent year-on-year due to COVID-19 but sequentially the same increased 53 percent.
"Jaguar Land Rover returned to profit with significant positive cash flow in the quarter as sales and revenue recovered from the impact of COVID-19 in Fiscal Q1 but remain below pre-COVID levels a year ago," Tata Motors said.
uarter ended September 2020, down 11.9 percent year-on-year due to COVID-19 but sequentially the same increased 53 percent.
"Jaguar Land Rover returned to profit with significant positive cash flow in the quarter as sales and revenue recovered from the impact of COVID-19 in Fiscal Q1 but remain below pre-COVID levels a year ago," Tata Motors said.
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