Tata Motors is trading higher by 2% at Rs 264 ahead of its earnings for the third quarter ended December 2011. Analysts expect the company to report over 15% year-on-year (yoy) growth in net profit for the December quarter.
“The company’s consolidated Q3 net profits are seen at Rs 2,914 crore vs Rs 2,453 crore, up 19% y-o-y. For the quarter ended Dec 31, 2011, its consolidated revenues are estimated at Rs 42,505 crore vs Rs 31,685, up 35% y-o-y,” said Emkay Research in its Q3 results preview.
The EBITDA (earnings before interest, tax, depreciation and amortization), is expected to come in at Rs 5,412 crore vs Rs 4,489 crore, up 21%, YoY, while EBITDA margins are seen down at 12.7% vs 14.2%, it added.
“Favorable currency and improvement in standalone business should drive Q3 performance of the Tata Motors,” said Emkay Research.
A total 3.75 million shares have changed hands on the counter till late morning deals on the NSE and BSE.
