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    Tata Motors Q1 earnings today: What you should watch out for

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    Tata Motors Q1 earnings today: What you should watch out for

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    Tata Motors will report its first-quarter earnings on Thursday analysts expect the auto major to report a weak set of numbers.

    Tata Motors will report its first-quarter earnings on Thursday analysts expect the auto major to report a weak set of numbers.
    • CNBC-TV18’s poll expects it to be a bleak quarter for Tata Motors. Both Jaguar Land Rover (JLR) and the standalone business will report losses this quarter.
    • Last quarter there was a bit of a turnaround in the JLR business, but since then things have got worst because there is no recovery in the China market. In fact, JLR volumes are down 5 percent year-on-year ex- of the China JV and standalone volumes are down 22 percent year-on-year. So it has been problems galore for Tata Motors.
    • The stock is down 35 percent in the last three months. It hit a 52-week low of Rs 141 on the February 8th.
    • Revenues are expected to be down by about 14 percent at Rs 57,790 crore. A loss of Rs 2,127 crore is what we are looking at on a consolidated basis compared to a loss of Rs 1,900 crore the same time last year. So the losses will pile up for Tata Motors.
    • On the JLR front, a loss of 236 million pounds is what CNBC-TV18 is expecting versus a loss of 151 million pounds year-on-year. So on a year-on-year basis, the losses will go up as well.
    • This time around the expectation is that JLR margins will fall to 5.50 percent compared to 9.8 percent last quarter so there is a steep fall in JLR margins because of a whole host of reasons, slowdowns in China, Brexit concerns, a lot of inflated cost that they had to take etc.
    • Finally, on the standalone business, a loss of almost Rs 400 crore is what is expected versus a profit of Rs 1,380 crore.
    • Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
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