Tata Motors - Q4-FY20 Result - Angel Broking

Mr.Jyoti Roy, DVP Equity Strategist, Angel Broking Ltd.

"Tata Motors Ltd. consolidated revenue from operations for Q4FY20 stood at Rs. 62,493 crore, down 28% (YoY) on the back of a steep fall in vehicle sales during the quarter. Revenue from JLR which contributes 75-80% of the company's total consolidated revenue, stood at Rs. 50,561 crore, down 22% (YoY). JLR was on its way to recovery in the second and third quarters of FY20 but the Covid-19 pandemic disrupted major global markets such as the US, Europe and China in the fourth quarter.

Company reported consolidated net loss of Rs. 9,894 crore for the March quarter against street estimate of net loss of Rs. 1300 crore and compared to net profit of Rs. 1,117 crore in the year-ago period. The company has made a onetime provision for impairment in the domestic PV business of Rs. 1,419 crore during the quarter."

Shares of TATA MOTORS LTD. was last trading in BSE at Rs.100.45 as compared to the previous close of Rs. 105.25. The total number of shares traded during the day was 4006860 in over 19926 trades.

The stock hit an intraday high of Rs. 104.85 and intraday low of 100.05. The net turnover during the day was Rs. 408240521.

Source : Equity Bulls

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