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Analysts on average expect Tata Motors' consolidated net profit to fall 52 percent YoY to Rs 2,990 crore, due to tax benefits to JLR in the year ago quarter. Revenue seen up 4 percent to Rs 53,000 crore.
Kotak Securities has come with its March`13 quarterly earning estimates for auto sector. According to the research firm, M&HCV segment continues to bore the maximum brunt of the current economic slowdown.
Motilal Oswal has come with its March`13 quarterly earning estimates for auto sector. The research firm believes that worst of competitive pressure is behind for passenger cars, but in 2W, UVs and CVs, rising competitive intensity poses a major challenge to incumbents.
Angel Broking has come with its March`13 quarterly earning estimates for auto and auto ancillary sector. The research firm continues to prefer stocks that have strong fundamentals, high exposure to rural and export markets and command superior pricing power.
Fourth quarter earnings season will kick off on Friday with IT giant Infosys announcing its numbers. Market will be closely watching their FY14 growth outlook, which is likely to be a big trigger for all IT stocks.
Angel Broking has come out with its report on earnings performance for 3QFY2013. According to the research firm, the Sensex EPS is expected to report a moderate 6.3% growth to Rs 1,195 in FY2013 and a more robust 16.1% growth to Rs 1,387 in FY2014.
Tata Motors' consolidated profits have sky rocketed in recent years since the turnaround of its British luxury Jaguar Land Rover unit. However, its domestic business has been a drag this year and plunged to a wider-than-expected loss of Rs 458 crore in the third quarter.
Brokerages remain bullish on Tata Motors, despite, the India's largest commercial vehicle maker, reporting disappointing earnings for the third quarter.
Tata Motors third quarter consolidated net profit declined a higher-than-expected 52 percent year-on-year to Rs 1,628 crore on the back of a huge loss in its domestic business and lower profits at its luxury Jaguar Land Rover unit.
India's largest commercial vehicle maker Tata Motors has seen its profits surge over last couple of years, driven by its luxury Jaguar Land Rover passenger vehicle division. However, its third quarter earnings are expected to skid, dragged down by losses in the standalone business as sales have hit a road block.
In an interview to CNBC-TV18, Amit Kasat of Standard Chartered Securities gives his expectations from Exide and Hero Motocorp's Q3 results.
Dolat Capital has come with its December`12 quarterly earning estimates for auto sector. According to research firm, demand for petrol vehicles continues to be under pressure despite heavy discounts.
Motilal Oswal has come with its December`12 quarterly earning estimates for auto sector. According to the research firm, demand improves with festive season, but MHCVs remain under stress.
Angel Broking has come with its December`12 quarterly earning estimates for auto sector. The research firm expects UV sales to sustain the growth momentum leading to a 10-12% volume CAGR in PV sales over FY2012-14.
With the September quarter earnings season just concluded, analysts are now taking stock of the numbers, and the hits and misses.
Most analysts maintained a "buy" rating on Tata Motors, despite disappointing second quarter results, sending the stock up 4 percent on Thursday. The street particularly cheered the strong growth at the company's British Jaguar Land Rover unit, even as a slowdown in standalone business dragged overall earnings.
Tata Motors' second quarter consolidated net profit rose lower-than-expected 11 percent year-on-year at Rs 2,075 crore, as pressures continued in the domestic business.
India's largest commercial vehicle maker Tata Motors, which is also owns the British luxury Jaguar and Land Rover brands will announce its second results later on Wednesday. The comapny's c onsolidated net profit is expected to rise 17 percent year-on-year to Rs 2,200 crore, according to a CNBC-TV18 poll.
Motilal Oswal has come with its September`12 quarterly earning estimates for auto sector. The research firm is downgrading their earnings estimates for Bajaj Auto and Hero MotoCorp to factor in weaker than expected demand and adverse currency movement (except Bajaj).
Dolat Capital has come with its September`12 quarterly earning estimates for auto sector. The research firm expects demand for UV segment to be robust. Due to production disruption, Maruti‘s 2QFY13 will disappoint, M&M continues to report strong numbers.
Angel Broking has come with its September`12 quarterly earning estimates for auto sector. The research firm prefers stocks that have strong fundamentals, high exposure to rural and exports markets and commanding superior pricing power.
Emkay Global Financial Services has come with its September`12 quarterly earning estimates for auto and auto ancillaries sector. The research firms maintains neutral stance on the sector and believe auto ancillaries are a better investment theme at this point than OEMs.
KRChoksey has come with its September quarterly earning estimates for auto sector. According to the research firm, it was a mixed quarter for the overall Auto industry with higher crude prices & higher interest rates playing as the spoil sport.
Tata Motors shares fell over 2% on Friday, after investors were disappointed with the lower-than-expected results in the first quarter and several analysts warned that near-term outlook remained cloudy for the firm, which is India's largest commercial vehicles maker and also owns the British luxury Jaguar Land Rover unit.
Tata Motors' first quarter consolidated net profit rose 12% year-on-year at Rs 2,245 crore. But it missed analysts expectations due to a foreign exchange loss and slow sales in the domestic market.