By Aditya Raghunath
Investing.com -- Tata Motors Ltd (NS: TAMO ) is scheduled to release its Q1 FY22 earnings today, and analysts expect the company to report a loss of Rs 2,000 crore.
Emkay Global forecasts the company to report a net loss of Rs 2,009.7 crore while revenue from operations will be Rs 62,626 crore. “On a QoQ basis, realizations should decrease by 6% due to adverse mix (lower share of MHCV). Besides, EBITDA (earnings before interest, taxes, depreciation and amortization) margin should contract to 8.7% from 14.4% sequentially. Margin contraction of nearly 570bps QoQ is likely due to commodity inflation and lower scale,” it said.
ICICI Securities Ltd (NS: ICCI ) said, “Tata Motors is expected to report muted Q1FY22 results tracking sequential weakness in volumes across India passenger vehicles (PV), India commercial vehicle (CV) and Jaguar Land Rover (JLR) operations along with associated perils of negative operating leverage and higher raw material costs.”
Nomura’s forecast for Tata Motors is a net loss of Rs 1,558.6 crore and consolidated revenue of Rs 64,779 crore.
Tata Motors had reported a net loss of Rs 8,438 crore in the June 2020 quarter and a net loss of Rs 7,605.4 crore in the March 2021 quarter. Tata Motors shares have gained 59% year-to-date. The share closed at Rs 295.8 on July 23.
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