Tata Motors Ltd's Q2FY17 consolidated net profit increased 148.7% yoy to Rs.848.16 crore : Misses Estimates

India Infoline Research Team | November 15, 2016 12:24 IST

Tata Motors Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 66,999.69 7.0
EDITDA 6,282.57 [3.6]
EBITDA Margin (%) 9.4 [103]
Net Profit (adjusted) 848.16 148.7
***EBITDA margin change is bps

Tata Motors Ltd’s Q2FY17 consolidated numbers missed our estimates. Revenue for the period came in 2.4% above estimate of Rs 65,460 cr. However, reported net profit for the period came in 70.6% below the estimate of Rs 2,886 cr.
Revenue for the quarter increased by 7% yoy to Rs 66,999.69 cr. JLR revenue grew 9% yoy to Rs 53,374.81 cr.

EBITDA declined by 3.6% yoy to Rs 6,282.57 cr while EBITDA margins contracted 103 bps yoy to 9.4%. This decline was on the back of 26% yoy increase in other expenses to Rs 17,119.45 cr. Also, cost of material consumed increased 16% yoy.

Net profit increased by 148.7% yoy to Rs 848.16 cr. Favorable movement in foreign exchange of 103% yoy.
Technical View:

Tata Motors Ltd is currently trading at Rs. 467.35, down by 40.05 points or 7.89% from its previous closing of Rs. 507.4 on the BSE.
The scrip opened at Rs. 485.7 and has touched a high and low of Rs. 486.7 and Rs. 462.05 respectively. So far 9648669(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 439.60 6.55 (1.51%)
NSE 439.30 6.40 (1.48%)

***Note: This is a NSE Chart

 

Advertisements

  • Get your free IIFL Demat & Trading A/c now...Click here
  • Get IIFL express personal loan disbursal in just 8* hours...Know More
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.