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The Q2FY21, so far, witnessed robust numbers from IT, Pharma, Auto components, select banks, and cement sector companies.
While Tata Motors' numbers have improved, they are yet to touch pre-pandemic levels
HDFC Securities expects a loss of Rs 1,100 crore against a loss of Rs 2,100 crore and Rs 1,300 crore QoQ and YoY.
Net Sales are expected to increase by 3 percent Y-o-Y (up 105 percent Q-o-Q) to Rs. 11,458 crore, according to ICICI Direct.
On the JLR front, Kotak expects volumes to decline by 27 percent YoY to 76,500 units in Q1FY21 and revenues to decline by 31 percent YoY
Motilal Oswal expects March quarter consolidated loss at Rs 3,035.1 crore with 56 percent YoY decline in EBITDA and 350 bps contraction in margin.
Motilal Oswal expects consolidated revenues to decline 12.3 percent YoY, resulting in net loss of around Rs 1,480 crore in Q2FY20.
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.