BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Tata Motors Ltd. reported a healthy Q2 FY21 performance.
Consolidated net sales were at Rs 53,530 crore, down 18.2% YoY (India down 3.3%, Jaguar Land Rover down 29%) tracking 32% YoY volume decline in JLR operations.
Ebitda margins were at 12.5% amid savings in other expenses.
JLR margin print returned to double digit territory (11.1%) while India passenger vehicle business achieved Ebitda breakeven.
Consequent consolidated loss after tax was at Rs 307 crore, with JLR profit before tax at 65 million pounds and standalone loss at Rs 1,213 crore.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
