Q4FY21 Result Update - Tata Motors - ICICI Direct

Tata Motors (TML) reported an operationally strong Q4FY21 performance. Consolidated sales rose 41.8% YoY to Rs. 88,628 crore (JLR sales up 20.5%, India sales up ~106%) amid ~7.5% volume increase at JLR and ~90% India volume jump. Consolidated margins were down 37 bps QoQ at 16.5% (JLR 15.3%, India 8.7%) on the back of operating leverage benefits and softer than expected gross margin contraction. Consolidated loss after tax was at Rs. 7,585 crore, with the company booking net exceptional charge to the tune of Rs. 13,347 crore (Rs. 9,606 crore for cancelled JLR models under 'Reimagine' & Rs. 5,388 crore for restructuring costs at JLR).

For details, click on the link below: Link to the report

Shares of TATA MOTORS LTD. was last trading in BSE at Rs.314.5 as compared to the previous close of Rs. 332.35. The total number of shares traded during the day was 5237832 in over 54704 trades.

The stock hit an intraday high of Rs. 322.95 and intraday low of 312.15. The net turnover during the day was Rs. 1657063455.

Source : Equity Bulls

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