Stock_for_YOU Tata Motors - First Cut

 

Dear Sir/Madam,

 

TataMotors announced its Q2 FY12 results on 14 Nov 2011. The company’s Net Sales increased by 26% YOY and by 8% QOQ to INR35938 crore while its EBITDA increased by 13% YOY and 6% QOQ to INR4504 crore. EBITDA Margin of the company decreased from 13.9% to 12.4% YOY. PAT after adjusting forex gain/loss increased by 11% YOY and 13% QOQ to INR2316 crore. Result was better than expectation. PAT including Forex Gain/ Loss declined by 16% YOY and 6% QOQ.

 

DESCRIPTION	Sep-11	Jun-11	Sep-10	QOQ	YOY
Net Sales	35938	33392	28573	8%	26%
Other operating income	259	181	209
Total Income	36198	33572	28782	8%	26%
Total Expenditure	31694	29337	24781
PBIDT (Excl OI)	4504	4236	4001	6%	13%
EBITDA (%)	12.4%	12.6%	13.9%
Other Income	345	313	210
Operating Profit	4849	4549	4212
Interest	810	1003	722
PBDT	4040	3546	3490
Depreciation	1331	1143	1095
PBT	2709	2403	2395
Tax	363	352	313
Profit After Tax	2346	2051	2082
Minority Interest	-34	-4	-11
Shares of Associates	4	10	25
Consolidated Net Profit	2316	2057	2095	13%	11%
PAT (%)	6.4%	6.1%	7.3%
EO- Forex	-439	-57	128
PAT including EO Forex	1877	2000	2223	-6%	-16%
Equity Capital	634.75	634.75	570.60
Face Value (In Rs)	2	2.00	2.00
No. of shares	317.38	317.38	285.30
EPS adjusted Forex	7.30	6.48	7.34	13%	-1%

 

 

 

 

 

Regards,

 

Team Microsec Research

 

 

 

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