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Last Updated : Aug 26, 2016 08:35 AM IST | Source: Moneycontrol.com

Tata Motors Q1 net seen up 3%, JLR revenue may grow 5%: Poll

Its British subsidiary Jaguar Land Rover (JLR) may see net profit falling to 319 million pounds in Q1 against 492 million pounds as revenue is likely to grow 5 percent at 5260 million pounds versus 5002 million pounds in year-ago period.


Tata Motors is likely to see consolidated net profit at Rs 2856 crore in April-June quarter, up 3 percent from Rs 2769 crore in year-ago period. According to CNBC-TV18 poll, the auto major may see revenue growth of 5.6 percent at Rs 64400 crore from Rs 61019.5 crore in corresponding quarter last fiscal.


During the quarter, its EBITDA may slip 0.8 percent at Rs 9037 crore versus Rs 9109 crore while operating profit margin may stand at 14 percent against 14.9 percent year-on-year.


On a standalone basis, its net profit may slip to Rs 143 crore in Q1 from Rs 257.5 crore while revenue is likely to be at Rs 10004 crore against Rs 9296.9 crore in year-ago period. In Q1 EBITDA may stand at Rs 513 crore against Rs 346.1 crore and operating profit margin may come in at 5.1 percent versus 3.7 percent (YoY).

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Its British subsidiary Jaguar Land Rover (JLR) may see net profit falling to 319 million pounds in Q1 against 492 million pounds as revenue is likely to grow 5 percent at 5260 million pounds versus 5002 million pounds in year-ago period. During the quarter, its EBITDA may stand at 746 million pounds against 821 million pounds and operating profit margin is seen at 14.2 percent from 16.4 percent (YoY).



What to watch out for
#JLR volume growth of 17 percent (YoY) to 134000 units 
#UK volumes up 9 percent (YoY0 , China JV volumes up 3.5 times YoY at 13500 versus 3800 units
#Volume growth led by strong 63 percent surge in Jaguar volumes
#Response to new Jaguar Fpace and XE very positive , contributing to volume growth
#However on QoQ basis , JLR volumes ex- china JV declined 20 percent hence margins will fall sequentially
#In Q4, JLR margins rose for 4th consecutive quarter to 16.2 percent
#Domestic volume growth decent at 7 percent YoY led by 10 percent CV growth
#Decline in passenger volume growth arrested due to new launch Tiago
 




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First Published on Aug 26, 2016 08:34 am
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