Accordingly, MRF recognised a provision for income tax for the year ended March 31 and re-measured the deferred tax liabilities and assets on the rates prescribed in the section.
Tax expenses fell sharply to Rs 16 crore in March quarter against Rs 50 crore in the same period last year.
"The fourth-quarter performance was marked by the emergence of Covid-19 pandemic and measures to curb its rapid spread," said the company in a statement.
Infosys said its Q4 20 digital revenues at 1.34 billion (41.9 per cent of total revenues) marked year-on-year growth of 31.7 per cent and sequential growth of 2.6 per cent in constant currency.
The credit cost for the quarter declined by 8 basis points year-on-year to 1.97 per cent in Q2 FY20. Cost to income ratio improved from 55.96 per cent in Q2 FY19 to 53.47 per cent in Q2 FY20.
The country's largest car manufacturer sold 338,317 vehicles during the quarter ending September, lower by 30.2 per cent year-on-year. While sales in the domestic market stood at 312,519 units, lower by 31.4 per cent, exports were at 25,798 units.
The company posted earnings before interest, tax, depreciation and amortisation (EBITDA) of Rs 2,048 crore, down 38.5 per cent from Rs 3,330 crore in Q1 FY19.
Net interest income in Q1 FY20 grew by 26.8 per cent year-on-year to Rs 7,737 crore with healthy loan growth of 15 per cent. The year-on-year growth in domestic advances was 18 per cent.
RIL's net profit for the first quarter of the current financial year stood at Rs 10,104 crore, up from Rs 9,459 crore in the corresponding period last year, the company said in a statement.
Kolkata-based Bandhan Bank on Thursday reported 68 per cent increase in its March quarter net profit to Rs 651 crore due to higher net interest and non-interest income.