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Tata Motors Q4 preview: Analysts expect low volumes to drag earnings

"Update on China business will be key," analysts said

Brokerages slashed price targets on Tata Motors after the company reported biggest loss in India’s corporate history. The consensus 12-month price target for the stock is down to Rs 215 from Rs 252 earlier this month. Some brokerages have cut the tar
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Chirinjibi Thapa New Delhi
Tata Motors Ltd, India’s largest automaker by sales revenue, will report its March quarter (Q4 FY19) results on Monday amid expectations that dip in volumes may drag the company's consolidated revenues and earnings.

"Update on China business will be key," analysts said.

According to Reliance Securities, Tata Motors' standalone volume is expected to fall by 6 per cent on a year-on-year (YoY) basis, while Jaguar Land Rover (JLR) volume is expected to fall by 12 per cent YoY. 

The brokerage expects consolidated revenue to dip 1.8 per cent at Rs 89,643 crore. The company had posted Rs 91,279.1 crore as

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First Published: May 20 2019 | 6:30 AM IST

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