Tata Motors Q2 Preview: Firm to report over Rs 4700 crore profit, revenue likely to grow 30% YoY

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Key Points

Auto major Tata Motors is expected to post strong revenue growth in the September quarter on the back of healthy volume growth in JLR and India business...

The company is expected to report a profit of Rs 4,737 crore as against a loss a year ago...

Tata Motors reported a higher-than-expected net profit of Rs 3,203 crore for the quarter ended June, and revenue from operations increased 42% to Rs 1.02 lakh crore...

EBITDA margin expansion YoY to be driven by better net pricing, scale and cost savings. Key thing to watch out for is JLR production outlook...

We expect EBITDA margin to improve to 10.3% in 2QFY24 from 8.4% in 1QFY24, led by RM tailwinds and operating leverage benefits, partly offset by lower spares mix...

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