Shares of Tata Motors Limited surged nearly 2 percent in morning trading on May 10, reaching Rs 1,046. The increase extends gains from the previous session as investors anticipate the company’s fourth-quarter results due later today.
By 9:45 am, the shares were trading at ₹1,037 on the NSE.
The leading Indian automaker is poised for strong fourth-quarter results driven by robust volume growth and improvements in its British unit, Jaguar Land Rover (JLR), as well as favorable commodity prices.
Analysts are expecting Tata Motors’ consolidated net profit to surge by 33 percent to Rs 7,084 crore for the fiscal fourth quarter. This jump is attributed to last year’s same-quarter profit, according to a Moneycontrol poll of six brokerage firms. Revenue from operations is also likely to increase by 15 percent year-on-year to Rs 1.22 lakh crore.
For the January-March period, Tata Motors is anticipated to report an EBITDA of Rs 17,527 crore, marking a significant increase of over 36 percent from the previous year, supported by higher operating leverage. Last year, the company reported an EBITDA of Rs 12,810 crore during the same period.
