The homegrown multinational automotive manufacturing firm had posted a net loss of Rs. 4,441.57 crore in the year-ago period (Q2FY22).
The bank also expects its net interest margins (NIMs) to be above 3 percent by year end.
Larsen & Toubro‘s second quarter earnings were a mixed bag with revenues being ahead while hydrocarbon and metallurgical segments coming in as a disappointment, according to Morningstar India‘s equity research analyst Piyush Jain.
BEML has announced its second quarter results. The company's Q2 net loss was at Rs 62.4 crore versus profit of Rs 15.3 crore, year-on-year, YoY.
Orchid Chemicals has announced its second quarter results. The company's Q2 net loss was at Rs 20 crore versus profit of Rs 23.4 crore, year-on-year, YoY.
Man Industries has announced its second quarter results. The company's Q2 consolidated net profit was up at Rs 24.2 crore versus Rs 14.1 crore, year-on-year, YoY.
"I stand by the guidance of 3% plus NIMs (net interest margins) that we had given at the start of this year," says JP Dua, chairman and managing director of Allahabad Bank. In an interview to CNBC-TV18, post the Q2 results, Dua says the bank major growth verticals have been the core business and the fee based income.
In its second quarter results reported today, Dabur India announced its sales figure at Rs 1,269.72 crore, up by over 30%, however, the company witnessed some depression in the margins. However, talking exclusively to CNBC-TV18, Sunil Duggal, CEO at Dabur India said that the company does not expect any further margin contraction in Q3.
Crompton Greaves announced its second quarter FY 12 results. The Crompton Greaves numbers are in line with our expectations, said Shailesh Kanani, research analyst of Angel Broking to CNBC-TV18 in an interview. According to him, the main problem for the company is on the margin front. Angel Broking maintains a neutral rating on the stock.
Zee Entertainment announced its second quarter results for FY12. Atul Das, president of corporate strategy and business development doesn't see any signs of normalcy in the advertising trends in the third quarter of FY12. Moreover, he feels that it would be difficult to achieve double digit advertising in FY12.
On analysis, SP Tulsian of sptulsian.com believes that RIL has posted respectable results, but finds the growth in interest expenses to be alarming.