Tata Motors is not expected to cheer investors by its October-December earnings. The auto major's consolidated net profit may slip 13 percent to Rs 3100 crore in Q3FY16 from Rs 3580.7 crore in corresponding quarter last fiscal. According to a CNBC-TV18 poll, revenue may rise 4 percent to Rs 72800 crore compared to Rs 69973 crore on annual basis.
During the quarter, EBITDA is likely to slip 1.5 percent at Rs 9900 crore versus Rs 10052 crore while operating profit margin (OPM) may stand at 13.5 percent versus 14.3 percent (YoY).
On a standalone basis, it may post net loss of Rs 412 crore in Q3FY16 from loss of Rs 2122.7 crore while revenue may rise 10 percent to Rs 9984 crore against Rs 9056.1 crore in year-ago period.
Profit from its British subsidiary Jagaur Land Rover (JLR) may fall 35 percent at pound 383.2 million crore in Q3 against pound 593 million (YoY). During the period, revenue may be up 2.4 percent at pound 6023.5 million versus pound 5879 million. EBITDA of JLR in Q3 may slip 19 percent at pound 892 million versus pound 1096 million.
JLR:What to watch out for -JLR margins have been under pressure for past few quarters-In Q2, JLR margins collapsed to 12.2 percent vs 19.4 percent (YoY)-Margins disappointed on the back of higher launch costs, weaker product mix, lower realisations -Worst could be behind for JLR, expect 260 bps QoQ improvement in JLR margins to 14.8 percent in Q3 -JLR volumes have been stable , total JLR volumes up 23 YoY at 1.5 lakh units -Jaguar volumes up 42 percent YoY at 27024, Landrover volumes up 19.4 percent YoY at 1.23 lakh units -China related headwinds are slowly abating, pace of decline in China reduced -China Volumes down 10 percent YoY in Dec vs down 25 percent YTD Jaguar XE and Discovery sport continue to drive volume growth
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