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.

Know More: Is India's Economic Recovery Sustainable?

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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