Tata Motors, India's largest automobile company witnessed a fall in share price on Tuesday before the announcement its fourth quarter results today.

Angel Broking expects the consolidated revenues to grow marginally 4% yoy to Rs 677.55 billion. "Although both JLR and standalone revenues would grow in double digits by 15% and 22% respectively, the depreciation of the GBP vis a vis the INR would lead to transitionally lower INR revenues for JLR."

''Operating margins are estimated to improve marginally 60 bp yoy to 15.9% led by margin improvement in both the JLR as well as domestic operations. EBIDTA is expected to improve 7% yoy to Rs 107.39 billion. Net Profit is likely to grow 7% yoy to Rs 44.81 billion,'' it added.

For the third quarter, the company had reported drop of 25.48% in consolidated net profit for the quarter ended December 2014 to Rs 35,807.20 million from Rs 48,048.00 million in the same quarter last year. Consolidated revenues stood at Rs 699.73 billion for the quarter ended Dec. 31, 2014, up 9.6% over Rs 638.53 billion for the corresponding quarter last year.

Shares of Tata Motors are trading at Rs 499.05, down Rs 6.15, or 1.22% at the Bombay Stock Exchange (BSE) on Tuesday at 11:53 a.m. Total volume of shares traded on the bourses today was lower by 72.33% to 2,457,181 compared with 22-day average volume of 8,881,894.