With price corrections in the passenger and commercial vehicle business, Tata Motors is expected to see growth in its consolidated revenue in Q1.
Analysts expect to see up to 9 per cent growth in consolidated revenue year-on-year, with increased sales in Jaguar Land Rover.
“We see Tata Motors revenue growing by 5 per cent year-on-year, with consistent performance in JLR and price actions in the commercial and passenger vehicle business, to drive an EBITDA margin of 175bps year-on-year. Profit after tax is expected to grow by 64.8 per cent year-on-year,” said Prabhudas Lilladher.
The company’s overall consolidated EBITDA margin is expected to expand 50 basis points over the year-ago quarter to 13.8 per cent .
“We expect consolidated 8.5 per cent growth year-on-year. We estimate an EBIT margin of 7.5 per cent for JLR, led by unfavourable product mix, rising spends, and lower volumes. JLR volumes are expected to see a 3 per cent year-on-year growth,” said Motilal Oswal.
Tata Motors had reported a record jump in its consolidated net profit with ₹17,407 crore reported in the March quarter, as against ₹5,407 crore reported in the same quarter. The total revenue from operations was at ₹1,19,986 crore for the March quarter.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.