Tata Motors Results 2024 Live Updates: Net profit to rise 20%, shares trade higher

livemint.com:

Motilal Oswal Financial Services anticipate a slowdown in commercial vehicle (CV) growth up until the first half of FY25, primarily attributed to reduced industrial activity preceding elections. However, they forecast a resurgence in demand during the second half of FY25.

Projections suggest a compound annual growth rate (CAGR) of 7% for commercial vehicles spanning FY24 to FY26.Tata Motors Results 2024 Updates: It is anticipated that domestic passenger vehicle sales have maintained robust growth, surging by 14.7% year-on-year and 12.4% sequentially to reach 155,651 units in the quarter ending March 2024.Tata Motors Results 2024 Updates: On the operations front, brokerages anticipate a sequential improvement of 170 basis points in the overall EBITDA margin to 13.1% for the fourth quarter of FY24. This enhancement is expected to be propelled by the advantages of operating leverage and favorable commodity trends.Tata Motors Results 2024 Updates: In the quarter ending March 2024, analysts at Kotak Institutional Equities anticipate an 8% year-on-year growth in standalone business revenues.

This growth is primarily driven by a 15% year-on-year rise in average selling price, attributed to a more diverse product mix and price adjustments implemented over the previous year.Tata Motors Results 2024 Updates: Tata Motors is all set to announce its financial results for the quarter ended on March 31, 2024 today, May 10, 2024. Download the App to get 14 days of unlimited access to Mint Premium absolutely free!