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Angel Broking expects Tata Motors to post 7% growth in Q4 profit
Source: IRIS | 26 May, 2015, 12.05PM
Rating: NAN / 5 stars.
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Tata Motors, India's largest automobile company, will be announcing its third quarter financial results today, Mar. 26, 2015.

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,'' the stock broker said.

Shares of the company declined Rs 5.8, or 1.15%, to trade at Rs 499.40. The total volume of shares traded was 226,085 at the BSE (12.01 p.m., Tuesday).

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