KR Choksey has come out with its first quarter (April-June) earnings estimates for the automobile sector. The brokerage house expects Tata Motors to report a 27 percent degrowth quarter-on-quarter (rise of 30 percent year-on-year) in net profit at Rs 2,921 crore.
Revenues are expected to decrease by 9 percent Q-o-Q (up 17 percent Y-o-Y) to Rs 50,899 crore, according to KR Choksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 13 percent Q-o-Q (up 17 percent Y-o-Y) to Rs 7,279 crore.
EBITDA margin or operating profit margin is likely to be at 14.3 percent in June quarter as against 14.9 percent in March quarter and 14.4 percent in a year ago period.
KR Choksey report on Tata Motors
Topline may grow on Y-o-Y by 17 percent on account of growth in volumes by 10 percent and increase in realization by 7 percent.
Margins are flat on both Y-o-Y and sequentially basis.
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