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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.
Net Sales are expected to decrease by 0.7 percent Y-o-Y (up 3.4 percent Q-o-Q) to Rs. 76,653.6 crore, according to ICICI Direct.
Standalone (domestic business) net loss is expected to be at Rs 7 crore for the quarter, down from Rs 1,012 crore in year-ago due to improvement in operational performance and higher revenue post strong commercial volume growth in Q3.
The aggregate picture, that was quite dismal in the run up to the GST in the previous quarter, has got better. Our analysis of over 4200 companies showed tepid growth in topline, but surprisingly there was a marked improvement in margins. Finally, unlike in the previous quarter when profitability declined, there was some revival in the September quarter with the trend line flattening.
September quarter results surpassed estimates as margins surprised positively for Jaguar Land Rover and India.
JLR’s lower forex hedge loss, and lower other expenses, as well as operating leverage, drives EBITDA for Tata Motors.
Jaguar Land Rover is expected to report a 22 percent decline in profit at 191.25 million pound for the quarter, year-on-year as margin may remain under pressure.
Subros is in focus on the back of a good Q2. In an interview to CNBC-TV18, PK Duggal, VP-Corporate Planning & Marketing of the company spoke about the results and his outlook going ahead.
Net Sales are expected to increase by 4.8 percent Y-o-Y (up 18.1 percent Q-o-Q) to Rs. 69072.2 crore, according to Edelweiss.
While optically, the aggregate earnings may not appear as a shocker, it nevertheless hides underlying weakness and a clear loss of momentum.
Edelweiss also lowered its FY18/19 EPS by 20/10 percent to Rs 33/44.7. The research house maintained its hold rating on the stock with a target price of Rs 444.
Jaguar Land Rover is expected to report a 10 percent growth in profit at 335 million pound and 8 percent growth in revenue at 5,833 million pound on year-on-year basis.
Analysts largely maintain positive call on the back of narrowed loss and improved JLR financials; expect volumes to pick up going forward
In an interview to CNBC-TV18, Prayesh Jain, AVP-Research at IIFL shared his readings and outlook on the Q4 numbers of Tata Motors.
Tata Group co could see lower EBITDA on standalone and consolidated basis; Revenues for JLR seen rising by 20 percent.