Along with the numbers, investors will focus on management commentaries, demand outlook for the second half of the FY20 and BSVI transition.
CLSA factored in volume growth for the rest of FY20 as the base is turning benign.
Tata motors had posted a loss of Rs 1,197.3 crore in June quarter last year and profit of Rs 1,625.2 crore in March quarter 2019
The Jaguar-Land Rover (JLR) business was back into the black, thanks to cost reduction efforts undertaken by the company. Domestic market conditions have also deteriorated, adding to the company’s woes
JLR’s EBITDA margin would contract 380 bps YoY (+240 bps QoQ) to 9.7 percent, said Motilal Oswal
Auto universe is expected to report a 28 percent YoY PAT decline on a modest base – a fourth consecutive quarter of double-digit PAT decline, Motilal Oswal said
JLR is facing stress and it is visible in the EBITDA margins, said SBICap's Mahantesh Sabarad.
JLR posted subdued numbers on the back of further deterioration of market conditions in China and uncertainties regarding diesel vehicles in Europe and UK
Brokerages believe the company is likely to post steady numbers for domestic business.
Net Sales are expected to increase by 4.5 percent Y-o-Y (up 7.4 percent Q-o-Q) to Rs. 77,479.8 crore, according to Motilal Oswal.
Input cost pressure is being increasingly absorbed by companies as the demand environment in weakening
Tata Motors-owned Jaguar Land Rover reported 4.6 percent decline in total retail sales at 44,282 units in October.
In the near future, JLR is expected to continue to face challenges in various economies, including uncertainty in UK and Europe and change in import duty in China. Huge investment will be required to revamp its aging portfolio and include electric vehicles
Tata Motors' operating performance is also expected to be weak with brokers expecting EBITDA fall in double digit and sharp margin erosion
In the near future, JLR is expected to face challenges from the rapidly evolving automotive technology, uncertainty in the UK and Europe and change in import duty structure in China
Last year, the same quarter when the company had reported a one-time gain of Rs 3,600 crore after recalibrating the method of calculating pension liabilities at Jaguar Land Rover its net profit had come in at Rs 3200 crore.
Net Sales are expected to increase by 21.9 percent Y-o-Y (down 7 percent Q-o-Q) to Rs. 71,293.3 crore, according to ICICI.
Automobiles sector will report a stellar quarter in Q1 led by strong recovery in rural demand, government spending on infrastructure, new launches and low base with Ashok Leyland, Bajaj Auto, Hero MotoCorp, Lumax Auto, JBM Auto and Jamna Auto being the top picks from the space.
In the near future, JLR is expected to face headwinds from rapidly evolving automotive technology and uncertainty in UK and Europe.
The maker of cars, trucks and luxury vehicles could post a consolidated net profit of Rs 4,041.5 crore, as per a Reuters poll, a drop 6.8%
Net Sales are expected to increase by 20 percent Y-o-Y (up 25 percent Q-o-Q) to Rs. 92,660.6 crore, according to KR Choksey.
Net Sales are expected to increase by 20.3 percent Y-o-Y (up 34.5 percent Q-o-Q) to Rs. 1,010 crore, according to HDFC Securities.
Net Sales are expected to increase by 14.9 percent Y-o-Y (up 19.6 percent Q-o-Q) to Rs. 88,710 crore, according to HDFC Securities.