Key Points
Tata Motors is expected to report healthy numbers for the quarter ended March on Friday, led by EBITDA margin expansion across divisions and also strong India and JLR business...
The brokerage estimates standalone business revenue to increase by 25% QoQ in 4QFY23, led by a 21% QoQ increase in volumes and a 3% QoQ increase in ASPs due to the richer product mix...
We expect reported EBITDA margins to improve by 60 bps QoQ to 12% due to favorable model mix (higher mix of Land Rover)..
We estimate an EBIT margin of 5.3% for JLR in 4QFY23, supported by mix, softening RM costs and cost control, it said.. EBIT margin for CV likely to expand 210 bps QoQ to 8.1% driven by operating leverage, while it is likely to contract by 20 bpS QoQ to 1.5% for PVs, it added...
We expect PV+CV EBITDA margin to improve 110 bps QoQ to 8.8% on operating leverage and price hikes, it said.. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own..
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