Quarterly Result: Tata Motors Ltd

Technical View: 

Tata Motors Ltd., is currently trading at Rs. 467.35, down by 40.05 points or 7.89% from its earlier closing of Rs. 507.4 on the BSE.
The scrip has touched a high and low of Rs. 486.7 and Rs. 462.05 respectively, after opening at 485.7. Altogether 9648669(NSE+BSE) shares have been traded on the counter; and the stock is currently trading above its 50 DMA.

Consolidated Results Q2FY17:

Tata Motors Ltd’s Q2FY17 consolidated numbers have come in below street estimates. Revenue for the period has come in 2.4% higher than the estimate of Rs 65,460 cr. Reported net profit for the period has come in 70.6% lesser than the estimate of Rs 2,886 cr.
The quarter's revenue has surged by 7% yoy to Rs 66,999.69 cr. JLR revenue has climbed 9% yoy to Rs 53,374.81 cr.
EBITDA has depleted by 3.6% yoy to Rs 6,282.57 cr while EBITDA margins have shrunken 103 bps yoy to 9.4%,  triggered by 26% yoy surge in other expenses to Rs 17,119.45 cr. In addition cost of material consumed has surged 16% yoy.
The company's net profit has surged by 148.7% yoy to Rs 848.16 cr, owing to favourable movement in foreign exchange of 103% yoy.