Tata Motors Q1 Results Live: Auto major may outperform; 2,600 crores in net profit

Tata Motors’ total sales in the domestic and international markets fell 2.16 percent to 2,26,245 vehicles.

The company’s total domestic sales fell 2% to 2,22,345 units from 2,25,828 units during the quarter.

On July 20, Jaguar Land Rover (JLR) announced the appointment of Adrian Mardell as its chief executive officer for a three-year term. Mardel, who was chief financial officer and a member of the JLR board of directors for three years, was appointed as interim chief executive officer on November 16, 2022.

JLR also announced the appointment of Richard Molyneux as the company’s chief financial officer. Richard Molyneux was appointed Acting Chief Financial Officer on 12 December 2022 after six years as Director of Operations Finance.

JLR India recorded its best-ever first quarter sales in the country during April-June 2023, the company said. Its retail sales rose 102% year-on-year to 1,048 units in the June quarter.

Tata Motors shares hit 52-week high ₹641.50 apiece on the BSE, up nearly 2% on Tuesday ahead of the announcement of Q1 results.

Tata Motors share price has risen sharply this year. The stock has gained 64% YTD and is up nearly 35% in three months.

Driven by strength at JLR, Tata Motors is likely to post 44% consolidated revenue growth (30% higher volume +70% YoY due to improved production levels). We expect consolidated EBITDA margin to decline by ~90 bps QoQ to 11.2%, mainly due to unfavorable mix and lower volume in standalone (India CV) operations.

Tata Motors is expected to report a strong operating performance in the second quarter. Its consolidated earnings, interest, taxes, depreciation and amortization (EBITDA) in Q1 saw a 129% year-over-year jump. ₹13,450 crore.

EBITDA margin is likely to expand by 522 basis points (bps) YoY to 13.4%.

Tata Motors Q1 Results Preview: Automobile major Tata Motors is likely to report a strong financial performance for the quarter ended June 2023 on the back of improving margins and healthy sales of its luxury arm Jaguar and Land Rover (JLR). Read the full report Here

Luxury carmaker Jaguar Land Rover (JLR), part of Tata Motors, is expected to post 30% year-on-year growth on the back of improved production quality, easing chip shortages and continued traction towards new models.

Tata Motors’ consolidated revenue is expected to grow by around 43% in Q1FY24. ₹1,03,284 crore on the strength of luxury arm Jaguar Land Rover (JLR). Tata Motors’ passenger vehicle (PV) division posted 8% volume growth in the quarter.

Tata Motors is likely to report a strong financial performance in the quarter ended June 2023 with improving margins and healthy sales of its luxury arm Jaguar and Land Rover ( JLR ). The company is expected to turn black and report a net profit this quarter ₹2,600 crore compared to a loss of Rs ₹5,731 crore in the same quarter last year, according to average analyst estimates.

Tata Motors Q1 net profit expected ₹2,600 crore compared to a loss of Rs ₹5,731 crore in the same quarter last year, according to average analyst estimates.