NEW DELHI — Earnings reports released for the second quarter highlighted a mixed performance across major Indian companies, featuring notable gains for Eicher Motors and Godrej Industries alongside a loss for Tata Motors' passenger vehicle segment.
Eicher Motors reported a 15% increase in its profit for the quarter. Meanwhile, Godrej Industries posted a sharp surge in profit, reaching Rs 560 crore. In contrast, Tata Motors' passenger vehicle (PV) business experienced a downturn, swinging to a loss during the same reporting period.
The announcements formed part of a heavy corporate earnings wave on November 13, which also saw financial disclosures from firms such as Grasim Industries, ABB India, and Rail Vikas Nigam.
