Tata Motors Q4 Results Preview: Adjusted PAT likely to rise 28%, revenue may grow 13%

Tata Motors Q4 result preview: Tata Motors, an auto giant whose popular cars include Nexon and Punch, is all set to announce its fourth-quarter results ended March 31, 2024, on Friday, May 10. Zee Business analysts peg the company's consolidated adjusted net profit at Rs 6,900 crore against Rs 5,408 crore, implying a 28 per cent rise year-on-year (YoY). 

It should be noted that an exceptional loss of Rs 215 crore is adjusted in net profit and an impact on profits can be seen due to the lack of tax rebates. 

Furthermore, the Tata Group company will likely report a consolidated revenue of Rs 1,19,800 crore against Rs 1,05,932 crore YoY, up 13.1 per cent. 

Further, the consolidated adjusted earnings before interest, taxes, depreciation, and amortisation or EBITDA have been estimated at Rs 17,500 crore against Rs 12,796 crore, up 36.8 per cent YoY. Forex gains of Rs 318 crore are adjusted in EBITDA. 

Additionally, the company's consolidated adjusted margin is expected to grow to 14.6 per cent against 12.1 per cent a year ago. Margin expansion is possible due to better operating performance and commodity tailwinds.

Here's how each segment is expected to perform 

Source: Zee Business Research

Moreover, as per the research desk, Jaguar Land Rover (JLR), part of Tata Motors since 2008, will likely report an increase in volume due to strong demand for new models. realization is expected to increase due to a price hike in the Commercial Vehicle (CV) business.

How did Tata Motors fare in Q3?

The automobile company reported a consolidated net profit of Rs 7,025.1 crore for the quarter ended December 31, 2023. 

Its revenue grew by one-fourth on a year-on-year basis to Rs 1,09,799.2 crore, according to a regulatory filing.

Revenue from Tata Motors' commercial vehicles and passenger vehicles segments increased 19.2 per cent to Rs 20,100 crore and 10.6 per cent to Rs 12,900 crore, respectively, according to a statement.

Tata Motors registered a 60.6 per cent growth in earnings before interest, taxes, depreciation, and amortisation (EBITDA) to Rs 15,800 crore for the quarter under review.

Tata Motors share price historic performance 

In a year, Tata Motors has gained over 106 per cent against Nifty50's rise of over 22 per cent.

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