Tata Motors Q1 Earnings: MOFSL expects Tata Motors to report consolidated net profit at Rs 4,107.40 crore, up 8.5 percent YoY, and sales at Rs 1,03,355 crore, up 1.1 percent YoY.
Emkay Global said Tata Motors’ consolidated net profit may rise 12.3 percent year-on-year to Rs 4,740 crore. The revenue of this brokerage is estimated to increase by 2 percent year-on-year to Rs 1,08,073 crore.
Tata Motors Ltd is likely to report 8-12 percent year-on-year (YoY) rise in consolidated net profit for the June quarter due to decline in interest costs. We are seeing 1-3 percent YoY growth in sales and 50-60 basis points growth in margins.
MOFSL expects Tata Motors’ consolidated net profit to grow by 8.5 per cent YoY at Rs 4,107.40 crore and sales to grow by 1.1 percent YoY at Rs 1,03,355 crore. The performance of India’s business for the quarter was mixed, as commercial vehicle (CV) volumes grew 6 percent year-on-year, but passenger vehicles (PV) volumes declined 1 percent year-on-year.
Emkay Global said Tata Motors’ consolidated net profit may rise 12.3 percent year-on-year to Rs 4,740 crore. The revenue of this brokerage is estimated to increase by 2 percent year-on-year to Rs 1,08,073 crore. EBITDA was seen at Rs 14,481 crore while EBITDA margin increased by 60 basis points YoY to 13.4 percent.
“Revenue growth will be driven by 5 percent higher JLR volumes and 2 percent higher India CV sales YoY. Consolidated Ebitda margins will decline QoQ due to lower scale at JLR as well as standalone operations,” Emkay Global said.
Meanwhile, Yes Securities sees Tata Motors’ Q1 profit rising 33 percent year-on-year to Rs 5,452 crore. Its revenue has increased by 2.5 percent annually to Rs 1,04,778 crore.
