Auto major Tata Motors will report its Q3 results on Friday. The stock is up 286 percent from the lows in the month of March. Earnings is expected to recover this time, both on the standalone as well as the Jaguar Land Rover (JLR) business on a quarter-on-quarter (QoQ) basis.
CNBC-TV18 poll expects a consolidated earnings to improve quite a bit. JLR’s Q3 volume was up 63 percent QoQ, it was a very strong quarter for them. The China business saw almost 20 percent growth QoQ, and even other markets did well. Cost reduction initiatives is what aided JLR.
All in all good set of numbers is expected, revenues could grow 12 percent year-on-year (YoY), consolidated margins to improve to 13.4 percent versus 10.3 percent and profits will grow 54 percent.Watch this video for more.