Tata Motors shrugs Q2 loss, stock up 5% on good JLR operational performance

JLR expects the EBIT margin and free cash flow (before restructuring costs) to turn positive in the second half of Fiscal 2022

Shares of Tata Motors were up 5 per cent at Rs 509.95 on the BSE in Tuesday’s intra-day trade after the company’s wholly owned subsidiary - Jaguar Land Rover UK reported good operational performance in July-September quarter (Q2FY22). The management said JLR expects to see gradual recovery starting in the second half (October-March) of FY22.

JLR expects the earnings before interest tax (EBIT) margin and free cash flow (before restructuring costs) to turn positive in the second half of Fiscal 2022. “While supply remains constrained, JLR will continue to take mitigating actions, including prioritising the production of higher margin