Tata Motors, India's largest automobile company, will be announcing its third quarter financial results today, Mar. 26, 2015.
Angel Broking expects the consolidated revenues to grow marginally 4% yoy to Rs 677.55 billion. "Although both JLR and standalone revenues would grow in double digits by 15% and 22% respectively, the depreciation of the GBP vis a vis the INR would lead to transitionally lower INR revenues for JLR."
''Operating margins are estimated to improve marginally 60 bp yoy to 15.9% led by margin improvement in both the JLR as well as domestic operations. EBIDTA is expected to improve 7% yoy to Rs 107.39 billion. Net Profit is likely to grow 7% yoy to Rs 44.81 billion,'' the stock broker said.
Shares of the company declined Rs 5.8, or 1.15%, to trade at Rs 499.40. The total volume of shares traded was 226,085 at the BSE (12.01 p.m., Tuesday).