Poging GOUD - Vrij
Tata Motors hits a rough patch
Mint Kolkata
|January 31, 2025
Far from luxurious
Tata Motors Ltd's shares nosedived to a new 52-week low of ₹683.20 apiece on Thursday, following muted December quarter (Q3FY25) results accompanied by adverse management commentary, especially with regards to Jaguar Land Rover (JLR).
The company has lowered JLR revenue guidance by 3% for FY25, while staying optimistic of improving wholesales in the March quarter (Q4), led by seasonality, even as demand is particularly slow in China.
JLR has not cut its free cash flow guidance despite having achieved £131 million so far in FY25 against the full-year target of £1.3 billion.
It has also retained its Ebit margin guidance of 8.5% or more for FY25, implying it has to clock a margin of 10% in Q4, a tall ask given current market dynamics. Ebit is short for earnings before interest and taxes.
Dit verhaal komt uit de January 31, 2025-editie van Mint Kolkata.
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