Tata Motors To Report Earnings On Aug 1: Revenue Seen At ₹1.08 Lakh Cr

Tata Motors will announce its earnings for the quarter ended June on August 1.

What To Expect: Prabhudas Lilladher projects a 5% year-on-year (YoY) revenue growth for Tata Motors, driven by decent volume growth in the Jaguar Land Rover and commercial vehicle segments, while passenger vehicle (PV) performance remained subdued.

Consistent performance in JLR and pricing action in the CV and PV businesses are expected to drive an EBITDA margin expansion of 175 basis points (bps) YoY. Profit after tax (PAT) is anticipated to grow by 64.8% YoY.

See Also: What To Expect From Tata Motors’ Q1 Results

Analyst Firm	Revenue	Net Profit
Prabhudas Lilladher	₹1.07 lakh crore	₹6,393 crore
KRChoksey	₹1.10 lakh crore	₹4,794 crore
HDFC Securities	₹1.05 lakh crore	₹3,991 crore
Kotak Securities	₹1.18 lakh crore	₹6,018 crore
Motilal Oswal	₹1.03 lakh crore	₹4,107 crore
Average	₹1.08 lakh crore	₹5,061 crore

HDFC Securities expects JLR to experience a 54bps margin decline quarter-on-quarter (QoQ) due to an adverse mix and rising marketing expenses. The analysts note a 17% QoQ volume decline (+6.3% YoY) in domestic CVs, leading to an expected margin decline of 285bps sequentially.

KRChoksey noted that Tata Motors’ consolidated volumes for the quarter grew by 2.6% YoY but contracted by 12.7% QoQ due to low demand and the heatwave. They expect revenue to grow by 8.1% YoY due to continued growth in JLR and commercial vehicle revenue, led by volumes and increased realisation from price hikes over the past year.

However, on a QoQ basis, revenue declined by 7.9%. KRChoksey also predicts the EBITDA margin to remain stable with a slight 3bps YoY increase, driven by operating leverage and a favourable product mix, but contracted by 87bps sequentially.

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.