Tata Motors Shares Up Ahead Of Q4 Results: What To Expect?

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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