Auto major Tata Motors will announce its quarterly results on Thursday and Jaguar-LandRover (JLR) earnings are likely to show recovery this time.
The stock is up almost 15 percent from the lows in the month of October on the back of improvement in JLR performance on a quarter-on-quarter (QoQ) basis.
Here is what one can expect from the company today:
- A revenue growth of around 16 percent on a consolidated basis at Rs 78,000 crore is expected.
- The margins are likely to improve to 10.9 percent versus 8.1 percent.
- With regards to JLR, revenue growth of almost 1.5 percent year-on-year (YoY) is expected. Margin is expected to be at 11.6 percent. This compares to about 10 percent that was reported same time last year.