Tag: net loss

Bank of Baroda (BoB) reported a standalone net loss of Rs 1,046 crore for the March quarter (Q4FY21). It had posted a profit of Rs 506.6 crore in the same period last year (Q4FY20). BoB's net interest income (NII)-the difference between interest earned and interest expended increased 4.5 percent to Rs 7,107 crore for the fourth quarter as compared to Rs 6,798.2 crore in the year-earlier period. On a consolidated basis, the net loss of the lender stood at Rs 740 crore for the quarter. The Bank’s gross non-performing assets (NPAs) rose sequentially to 8.87 percent in Q4FY21. In Q3FY21, gross NPAs of the bank were at 8.48 percent. Meanwhile, net NPAs stood at 3.09 percent. The Bank has stopped short of declaring any dividend for the financial year 2020-21. Read more

Shares of Tata Motors gained over 8 per cent to Rs 114.4 on the BSE on Monday after the company on Friday released its June quarter numbers for the fiscal year 2020-21. The company has reported a consolidated net loss of Rs 8,438 crore on-year for the quarter ended June 30, 2020, down 128.16% from Rs. 3,698.34 crore in June 2019.Net Sales at Rs 31,983.06 crore in June 2020 down 47.97% from Rs. 61,466.99 crore in June 2019. EBITDA stands at Rs. 1,289.23 crores in June 2020 down 65.1% from Rs. 3,693.93 crore in June 2019. Tata Motors stock has risen over 78 per cent since March, from a 52-week low of Rs 63.60 apiece. Most brokerages such as JM Financial Institutional Securities, CLSA, Citi and Motilal Oswal Financial Services have maintained their bullish stance on the stock post the company's June quarter results, with a potential upside of up to 25 per cent.