Tata Motors is expected to declare strong topline growth powered by volume growth in Jaguar Land Rover and their India Personal Vehicle and Commercial Vehicle segments in their fourth-quarter results of FY24. According to analyst estimates, the company's net profit is expected to come between ₹6,169.8 crore and ₹7,722.6 crore and revenue is likely to come between ₹1.21 lakh crore and ₹1.24 lakh crore.
Analysts at Prabhudas Lilladher expect the auto major's revenue to grow by 17.3% YoY to ₹1.24 lakh crore while net profit to increase by 9.7% to ₹6,169.8 crore. EBITDA margin is expected to increase by 183 bps to 13.9% driven by consistent performance in the JLR segment and a higher mix of Utility Vehicles.
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Nuvama Institutional Equities sees consolidated revenue to advance by 16% YoY to ₹1.22 lakh crore. Net profit is likely to grow to ₹7,190 crore in the quarter. The revenue growth will be driven by JLR and India CV/PV divisions. EBITDA margin will expand by 200 bps due to improvement in JLR and India CV/PV divisions.
According to KR Choksey, Tata Motors’ revenue may rise by 14.3% YoY to ₹1.21 lakh crore due to double-digit growth in JLR and PV volumes. EBITDA margin to expand to 14.9% in due to operating leverage, favourable product mix, lower raw material costs and cost rationalisation. Net profit is expected to grow to ₹7,722.6 crore.
Price Action: Tata Motors shares were trading1% higher ₹1,040.60 on NSE on May 10 ahead of its results announcement.
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