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Centrum Broking tells CNBC-TV18 that Tata Motors' results are better than expected considering the challenging environment.
Country's largest commercial vehicle maker Tata Motors is set to announce its results for the quarter ended June 2012. Analysts on an average expect the consolidated profit after tax to grow by 28.5% year-on-year to Rs 2,570 crore. In a year ago period, the company's reported PAT had included a forex loss of Rs 57 crore.
Country's largest commercial vehicle maker Tata Motors is set to announce its results for the quarter ended June 2012 today. Analysts on an average expect the consolidated profit after tax to grow by 28.5% year-on-year to Rs 2,570 crore. In a year ago period, the company's reported PAT had included a forex loss of Rs 57 crore.
Bajaj Auto will declare its first quarter numbers today. In an interview to CNBC-TV18, Ajay Shethiya, auto analyst at Centrum Broking speaks about his expectations from the company.
Motilal Oswal has come with its June quarterly earning estimates for automobile sector. According to the research firm two-wheeler stocks, Bajaj Auto and Hero MotoCorp are likely to report muted earnings growth at 2% and 8%, respectively.
Dolat Capital has come with its June quarterly earning estimates for auto sector. The research firm expects margin improvement QoQ for Maruti and M&M.
Indian corporate earnings results for Jan-March 'should be weak', warns Bank of America-Merrill Lynch, adding that it sees potential for a market correction.
Angel Broking has come out with its June quarterly earning estimates for automobile sector. The research firm expects Apollo Tyres (APTY) to outperform the overall sector's earnings growth in 1QFY2013 primarily on account of receding cost pressures, leading to strong margin expansion.
Emkay Global Financial Services has come out with its June quarterly earning estimates for automobiles sector. The research firm expects adjusted EBIDTA margins to decline by 90bps YoY and 70bps QoQ to 11.7%.
Tata Motors fourth quarter consolidated net profit more than doubled year-on-year to Rs 6,234 crore as continued strong growth at luxury Jaguar Land Rover unit coupled with an exceptional gain helped cushion domestic speed bumps.
Tata Motors' net profit for the fourth quarter more than doubled. Prayesh Jain, analyst at IIFL India Private Clients says, the valuations are attractive at current levels, given that the earnings momentum might remain strong over the next couple of years. “We have a target price of around Rs 309 for Tata Motors,†he adds.
Shares of Tata Motors tumbled over 8% on Wednesday morning as weak margins at its luxury Jaguar Land Rover unit, despite strong sales growth, left investors disappointed.
India's largest commercial vehicle maker is scheduled to reveal its Q4 numbers on Tuesday. In an interview with CNBC-TV18, Amit Kasat, Director, India Institutional Research, Standard Chartered Securities says, “We are expecting a consolidated profit of Rs 4,200 crore for the company.â€
Tata Motors is going to announce its fourth quarter results. According to CNBC-TV18 company's Q4 consolidated revenue seen up 41% at Rs 50400 crore versus 35610 crore (YoY).
Sales of automobiles, especially passenger cars, have had a rocky road over the last one year, with a sharp rise in petrol prices and expensive loans denting demand.
Fourth quarter revenues of auto companies could grow 30% year-on-year on an average, much of it driven by a surge in passenger car sales. On the whole, FY11 was not great year for passenger car makers, though two-wheeler firms and commercial vehicle makers did much better.
KRChoksey has come with its quarterly earning estimates on auto sector for March 2012. The research firm expects a robust quarter mainly driven by healthy volume growth & better realizations.
Angel Broking has come with its March quarterly earning estimates for automobile and auto ancillary sector. The research firm expects auto ancillary cos to report moderate net profit growth.
Emkay Global Financial Services has come with its quarterly earning estimates on automobiles sector for March 2012. The research firm believes budget has raised red flags which can delay the cyclical recovery in demand for 4 wheelers. We maintain our preference for 2 wheelers.
Tata Motors shares accelerated over 7% on Wednesday as the street cheered the India's largest commercial vehicle maker's significantly better-than-expected consolidated growth in the third quarter.
Amit Kasat, analyst at Standard Chartered Securities spoke to CNBC-TV18 about his view of Tata Motor’s Q3 numbers.
Strong demand for luxury Land Rover sports utility vehicles overseas, continued momentum for light commercial vehicles and rebound in sales of its passenger vehicles in the domestic market are expected to power Tata Motors' earnings in the third quarter.
Emkay Global Financial Services has come with its December quarterly earning estimates for automobiles sector. According to the research firm adjusted EBIDTA margins to decline by 100bps YoY but expand 20bps QoQ to 12.3%. Tata Motors and Bajaj Auto top picks in auto space.
Tata Motors, country's largest commercial vehicle manufacturer, has reported a consolidated net profit of Rs 1,880 crore in the second quarter of FY12, a fall of 15.32% as compared to Rs 2,220 crore in the corresponding quarter of last fiscal.
Country's largest commercial vehicle maker Tata Motors is expected to report a consolidated profit after tax of Rs 2,046 crore in the second quarter of FY12, a fall of 8% as compared to Rs 2,222 crore in the corresponding quarter of last fiscal.