TATA MOTORS Announces Quarterly Results (2QFY20); Net Profit Up 117.4%

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TATA MOTORS Announces Quarterly Results (2QFY20); Net Profit Up 117.4%
Tue, 29 Oct

TATA MOTORS has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

TATA MOTORS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m721,121614,670654,3206.5%-9.3%
Other incomeRs m6,1728,3606,726-19.5%9.0%
TurnoverRs m727,293623,030661,0456.1%-9.1%
ExpensesRs m658,544586,091583,874-0.4%-11.3%
Gross profitRs m58,13327,49170,836157.7%21.9%
DepreciationRs m59,41251,11752,9963.7%-10.8%
InterestRs m12,26917,11618,3547.2%49.6%
Profit before taxRs m-7,376-32,3826,212
TaxRs m2,7191,9614,455127.2%63.8%
Profit after taxRs m-10,095-34,3431,758
Gross profit margin%8.14.510.8
Effective tax rate%-36.9-6.171.7
Net profit margin%-1.4-5.50.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 9.3% on a year-on-year (YoY) basis. The expenses were down by 11.3% YoY during the same period.
  • The company's operating profit increased by 21.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.8% in 2QFY20 as against 8.1% in 2QFY19.
  • Depreciation charges declined by 10.8% and finance costs increased by 49.6% YoY, respectively.
  • Other income increased by 9.0% YoY during the quarter.
  • Net profit for the quarter increased by 117.4% YoY. Net profit margins during the quarter increased from -1.4% in 2QFY19 to 0.3% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.4% QoQ during the same period.
  • The company's operating profit increased by 157.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.8% in 2QFY20 as against 4.5% in 1QFY19.
  • Net profit for the quarter increased by 105.1% QoQ, while net profit margins increased from -5.5% in 1QFY19 to 0.3% in 2QFY20.

To see how TATA MOTORS has performed over the last eight quarters,please visit here.

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

TATA MOTORS Share Price Performance

Over the last one year,TATA MOTORS share price has moved down from Rs 175.4 to Rs 166.6, registering a Loss of Rs 8.8 or around 5.0%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 18,700.7 (up 3.0%). Over the last one year it has moved down from 19,627.0 to 18,700.7, a gain of 926 points (down 4.7%).

Overall, the S&P BSE SENSEX is up 16.0% over the year.

Current Valuations

At the current price of Rs 166.6, the price to book value (P/BV) ratio of TATA MOTORS stands at 0.8 times.

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