Tata Motors Q3 PAT seen up 3 times at Rs 2089 cr
Country's largest commercial vehicle maker Tata Motors is set to report strong set of numbers for the quarter ended December 2010. According to CNBC-TV18 estimates, its consolidated profit after tax (PAT) is expected to jump 3.2 times to Rs 2,089 crore as against Rs 650 crore in same period the previous year.
February 11, 2011 / 13:22 IST
Country's largest commercial vehicle maker Tata Motors is set to report strong set of numbers for the quarter ended December 2010. According to CNBC-TV18 estimates, its consolidated profit after tax (PAT) is expected to jump 3.2 times to Rs 2,089 crore as against Rs 650 crore in same period the previous year.
Revenues are seen going up by 15.5% at Rs 30,081 crore from Rs 26,043 crore on year-on-year basis and seen up by 5.2% on quarter-on-quarter basis.Operating profit margin too is likely to improve at 13.5% versus 11.4% (YoY but may see slight decline versus 14% in previous quarter.On standalone basis, Tata Motors is expected to report revenues at Rs 10,490 crore, up 16.9% as compared to Rs 8,989 crore in same quarter the previous year. Operating profit margin is seen down by 300 basis points to 9.6% while seen up by 19 basis points (QoQ). Profit after tax is likely to go down by 25% at Rs 300 crore from Rs 400 crore. What to watch out for: * Consolidated revenue to grow 15.5% driven by standalone (up 17% YoY) and JLR (up 25% YoY) performance
* Standalone revenues will grow due to healthy volume growth of 17.5% in total sales and 23% commercial vehicle volume growth
* Standalone EBITDA margins to be hit due to higher raw mat cost.
* Also, lower absorption of fixed cost on lower nano volumes will impact EBITDA.JLR expectations * JLR to see a volume growth of 6.7% YoY (nearly 9.7% QoQ) to 60,500 units and thus revenues to see 25% YoY growth
* JLR realisations up 17.3% YoY (flat QoQ)
* EBITDA margins to see sequential decline at 15.7% (down 90 bps QoQ) as JLR margins did not get currency benefits like it did in Q2FY11
* Expect EBITDA of GBP 386 million (versus GBP 373 million in 2QFY11) due to increases RM costs, translating into recurring PAT of GBP 235 million (versus GBP 230 million in 2QFY11).
Q3FY11 volume growth
-Total volume up 17.4% at 1.87 lakh versus 1.59 lakh
-MHCV up 17.2% at 50883 vesus 43408 units
-LCV up 27% at 74617 versus 58425 units
-Total CV up 23% at 1.25 lakh versus 1.01 lakh Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
