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    Tata Motors: Both domestic and JLR businesses report stellar numbers in Q3 FY21

    Though headwinds remain due to the new COVID variant, the Tata Motors management is confident of generating strong operating margins and cash flow in the next quarter

    Nitin Agrawal
    January 30, 2021 / 05:20 PM IST
    Tata Motors: Both domestic and JLR businesses report stellar numbers in Q3 FY21

    Tata Motors

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    The December-quarter numbers of Tata Motors (CMP: Rs262.35, Mcap: Rs 86,393 crore) reflected the sharp economic recovery during the quarter after  the unprecedented disruption caused by the Covid pandemic during the first half of the current fiscal. In fact, the company posted a stellar set of numbers in Q3 FY21 and ticked all the boxes that an investor would like to see in a result. The surprise came on the operating margin front that saw a significant expansion. A slew...

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