Tata Motors is trading lower by nearly 4% at Rs 277 on BSE ahead of its April-June (Q1) quarter earnings today.
According to an average estimates, Tata Motors, India's largest commercial vehicle maker, is likely to report flat net profit of Rs 2,220 crore and net sales of Rs 46,021 crore for the quarter ended June 30, 2013.
“We expect margins to decline sequentially due to lower volumes and an increase in discounts for Evoque,” says analyst at Kotak Institutional Equities Research, in its results preview.
A higher share of new models and Range Rover to likely result in sequential improvement in realizations, says analyst.
Analyst at Edelweiss Securities expects Tata Motor’s consolidated revenues to be higher YoY driven by strong performance of Jaguar and Land Rover (JLR) partially offset by weak domestic sales.
JLR's EBITDA margin is likely to be at around 15% while domestic business is likely to report losses. Outlook on China volume and domestic CV cycles will be key monitorables, he added.
The stock opened at Rs 284 and hit a low of Rs 275 so far. A combined 2.55 million shares changed hands on the counter till 1020 hours on BSE and NSE.
According to an average estimates, Tata Motors, India's largest commercial vehicle maker, is likely to report flat net profit of Rs 2,220 crore and net sales of Rs 46,021 crore for the quarter ended June 30, 2013.
“We expect margins to decline sequentially due to lower volumes and an increase in discounts for Evoque,” says analyst at Kotak Institutional Equities Research, in its results preview.
A higher share of new models and Range Rover to likely result in sequential improvement in realizations, says analyst.
Analyst at Edelweiss Securities expects Tata Motor’s consolidated revenues to be higher YoY driven by strong performance of Jaguar and Land Rover (JLR) partially offset by weak domestic sales.
JLR's EBITDA margin is likely to be at around 15% while domestic business is likely to report losses. Outlook on China volume and domestic CV cycles will be key monitorables, he added.
The stock opened at Rs 284 and hit a low of Rs 275 so far. A combined 2.55 million shares changed hands on the counter till 1020 hours on BSE and NSE.
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