Tata Motors To Report June Quarter Earnings On August 1

Tata Motors will be posting its financial results for the quarter ended June on August 1.

What Happened: In an exchange filing on Thursday, the Tata Group company informed that a meeting of the Board of Directors of the company is scheduled to be held on Thursday, August 1, to consider and approve the financial results for the June quarter.

Analysts have mixed opinions about the company’s upcoming results. Motilal Oswal, in its preview note on the auto sector, mentioned that the Tata Group company’s numbers will lag behind its peers. In contrast, Kotak Securities has a more optimistic outlook for the automobile giant.

See Also: TCS Reports 8.7% Jump In Profit At ₹12,040 Cr, Revenue Up 5.4%

Analysts at Motilal Oswal expect Tata Motors to post a revenue of around ₹1.03 lakh crore with a profit after tax of around ₹4,000 crore. On the other hand, Kotak Securities expects the auto giant to post a revenue of ₹1.18 lakh crore with a net profit of ₹6,018 crore.

Earlier in the week, auto manufacturers announced discounts on its popular SUVs. The company is offering revised starting prices for its flagship SUVs, the Harrier and the Safari, and extended benefits of up to ₹1.40 lakh on its range of SUVs.

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