Tata Motors Ltd. share price target

Consol sales at INR807b (v/s INR732b; +19% YoY). EBITDA at INR113.8b (v/s est INR91.5b; +35% YoY). Adj. PAT at INR47b (v/s est INR39.5b; +158% YoY). JLR realization at GBP44k (v/s est GBP42k) grew 5% QoQ due to better product...

In Q4FY16, consolidated numbers posted a threefold profit on excellent performance at JLR as well as standalone business. JLR volumes which grew by 14% yoy (ex China JV) along with benign commodity costs and strong performance...

9 JLR's EBITDA margin was a strong 16.2% (we expected 14%). This marks a sharp rebounddespiteaweakproductmix(RRandRRsportcontributiondown) 9 AdjustedEBITDAat1069mnwas32%aboveourestimate...

Tata Motors (TML) has reported strong numbers in 4Q owing to stellar performance in JLR business, which posted 16.2% adj EBIDTA margin (v/s our est of 14.1%) due to healthy growth in ASPs. In 4Q, the ASPs in JLR business grew by 4.7% qoq led by favorable product-mix. Further, Chery JV contributed 49 mn to JLR's bottom-line. TML's standalone business posted EBIDTA margin of 7.1% v/s 1.5%...

Land Rover volumes declined by ~6.3% YoY to 31,745 units (v/s est. 43,000 units), due to product fatigue for RR, RR Sport and Evoque. Retail sales of the above 3 were down 9% in April 2016. There is also an impact of ~1.5k units...

We recently met TTMT's management and also spoke to one of JLR's largest dealers in China.AfteradullFY16,Chinawillstrapintothedriver'sseatoncemorewithnewmodel launchesandthelowbasehelpingstronggrowth.Developedmarketswillseehigherthan...

Jaguar's retail volumes were up by 62% YoY, led by XE which did volumes of 6,521 units and F-Type grew by ~17%. Land Rover's retail volumes were up 22.5% YoY, with growth driven by...

Commenting on the retail performance Andy Goss, JLR Group Sales Operations Director said: We started the year with a record January and have followed this up with another historic month of sales, thanks in large part to the performance of the UK...

ICICI Securities Ltd | Retail Equity Research Tata Motors' (TML) Q3FY16 results were above our estimates. Consolidated revenues were at | 72,256 crore (up 3.3% YoY, 17.8%...

JLRs 3QFY16 EBITDA margin improved 220bps QoQ to 14.4%. EBITDA at GBP 834 was below estimates largely due to a miss on the revenue front.