Tata Motors Q4 Earnings Down Y/Y - Analyst Blog

Tata Motors Limited TTM posted earnings of Rs. 12.16 per ordinary share (99 cents per American Depositary Share or ADS) for the fourth quarter ending Mar 31, 2014, down from Rs. 12.27 ($1.13 per ADS) in the year-ago quarter.

Consolidated revenues in the quarter escalated 16.6% year over year to Rs. 653.17 billion ($10.6 billion). Strong demand, higher volumes, enhanced product mix and better geographic mix at Jaguar Land Rover (JLR) offset the negative impact of the weak operating and economic environment.

Fiscal 2013–14 Results

Tata Motors recorded earnings of Rs. 43.50 per ordinary share ($3.60 per ADS) in fiscal 2013–14, beating Rs. 30.94 per ordinary share ($2.84 per ADS) in fiscal 2012–13. Consolidated revenues surged 23.3% to Rs. 2.33 trillion ($38.6 billion) from Rs. 1.89 trillion ($34.6 billion) in fiscal 2012–13.

Segment Results

The automotive and related activity segment's revenues rose to Rs. 649.6 billion ($10.5 billion) in the quarter from Rs. 557.1 billion ($10.3 billion) in the year-ago quarter.

Revenues from the others segment improved to Rs. 6.98 billion ($113.1 million) from Rs. 5.95 billion ($109.6 million).

Financial Position

Tata Motors had cash and bank balances of Rs. 297.1 billion ($4.96 billion) as of Mar 31, 2014, compared with Rs. 211.1 billion ($3.86 billion) as on Mar 31, 2013. Total debt amounted to Rs. 549.5 billion ($9.18 billion) as of Mar 31, 2014, compared with Rs. 333.2 billion ($6.1 billion) as on Mar 31, 2013.

Currently, Tata Motors carries a Zacks Rank #3 (Hold). Some better-ranked automobile stocks worth considering are Fox Factory Holding Corp FOXF, Gentherm Inc. THRM and Modine Manufacturing Co. MOD, all of which carry a Zacks Rank #1 (Strong Buy).

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