Tata Motors ends in green despite of weak Q1FY17
DSIJ Intelligence / 26 Aug 2016
Tata Motors has declared its Q1FY17 results on Friday. The company’s revenue has increased by 9.02 per cent to Rs 67056 crore in Q1FY17 as compared to same period in previous fiscal.
Tata Motors has declared its Q1FY17 results on Friday. The company’s revenue has increased by 9.02 per cent to Rs 67056 crore in Q1FY17 as compared to same period in previous fiscal. However, Its EBITDA has declined by 30.83 per cent to Rs 7613 crore in QFY17 on a yearly basis. Tata Motors’ EBITDA margin has contracted by 654 basis points to 11.35 per cent in Q1FY17 as compared to same period in previous fiscal. The company’s net profit also has dropped by 56.98 per cent in Q1FY17 on a yearly basis. Its net profit margin has contracted by 517 basis points to 3.37 per cent in Q1FY17 as compared to same period in previous financial year.
On the segmental revenue front, Tata Motors has earned 79.9 per cent from Jaguar and Land Rover segment, and remaining 20.1 per cent from Tata and other brands' vehicles and financing during Q1FY17.
Despite of fall of profitability, Tata Motors’ share price increased by 4.3 per cent on bourses after results declaration; and closed at Rs 503.65 on an intraday basis.
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