In terms of operational parameters, SpiceJet had the best passenger load factor among all airlines in the country during the quarter.
While the operating profit was reduced to Rs 376 crore from Rs 1,189 crore, the profit before tax got slashed to Rs 682 crore in Q1 FY21 from Rs 1,579 crore in the same period of previous fiscal.
Tax expenses fell sharply to Rs 16 crore in March quarter against Rs 50 crore in the same period last year.
Venu Srinivasan, Chairman, TVS Motor Company has been named as one of the recipients of Padma Bhushan Award this year, to be conferred by the President of India.
The standalone revenue for the quarter decreased by 33 per cent to Rs 10,800 crore, the company said in a statement.
Mahindra Logistics serves over 400 corporate customers across various industries like automobile, engineering, consumer goods and e-commerce.