Tata Motors announced a board meeting on November 8 to consider and approve the results for the quarter ended in September 30, 2024.

What Happened: As per a regulatory filing, the company’s board of directors will meet on November 8 to release the Q2 results. The company has also announced an analyst and investor call on the same day.

What To Expect: Analysts expect a mixed quarter for the Tata Group company with flat revenue growth. According to Nuvama, the reason for the unimpressive revenue growth is muted volume performance across its various divisions.

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EBITDA margin is expected to expand due to improved profitability in Jaguar Land Rover (JLR), India commercial vehicle and passenger vehicle divisions. The brokerage said the key thing to watch out for is the demand and margin outlook across the divisions.

According to Nuvama, the company’s revenue will come at ₹1,05,467.9 crore, flat from the previous year, while its EBITDA is expected to grow 9% to ₹14,994.8 crore and net profit to jump by 36% year-on-year to ₹5,168.7 crore.

Motilal Oswal also predicted weak performance due to weak Indian business. Passenger and commercial vehicle business declined 5% and 19% year-on-year respectively. Motilal sees revenue to decline 5% year on year to ₹1,00,180 crore while net profit to jump 10% to ₹4,270 crore

Tata Motors in its September Monthly sales saw its total sales fall by 15% to 71,345 units. In contrast, the JLR sales jumped by 33% to 10,807 units in September.

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