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Tata Motors Q3 Preview | Automaker likely to post over Rs 2,200 crore loss, but QoQ operating performance expected to be strong

Tata Motors Q3 Preview | Tata Motors shares have rallied 49 percent since the beginning of October 2021, outperforming sharply not only Nifty50 (that was down 3 percent) but also Nifty Auto index (that gained 8.4 percent)

January 31, 2022 / 07:42 AM IST
Jaguar Land Rover

Jaguar Land Rover

 
 
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Tata Motors is expected to show smart recovery for Q3FY22 on sequential basis with easing concerns of semiconductor and strong volume growth, though year-on-year (YoY) performance is likely to remain weak.

The automaker will announce its financial results for the quarter ended 31 December 2021 today.

Analysts largely expect the company to post loss of more than Rs 2,200 crore for the quarter ended December 2021 as chip shortage issue hit Jaguar Land Rover business, against profit of Rs 2,906.5 crore in the corresponding period last fiscal and loss of Rs 4,441.6 crore in September 2021 quarter.

Revenue on consolidated basis is likely to fall to single digit but sequentially may see double-digit growth with recovery in volumes, while operating income may fall significantly YoY, but sequentially could grow in double-digit for the December 2021 quarter.