In a recent turn of events, Tata Motors (NYSE:TTM) is expecting a significant upswing in its September quarter, with a projected 33% year-on-year revenue surge. This growth is anticipated to be driven by the volume growth of Jaguar Land Rover (JLR) and India Commercial Vehicle (CV) divisions, forex translation gains, and an unexpected net profit from the preceding quarter. A substantial shift is expected with a profit turnaround of Rs 4,737 crore, contrasting with the prior year's loss.
JLR volumes swelled by around 29% during July-September, while Tata's global wholesales ascended by 7%. The preceding quarter concluded with an unexpected net profit of Rs 3,203 crore and a significant 42% increase in operational revenue to Rs 1.02 lakh crore. Key factors such as improved net pricing, forex translation gains, and volume growth in JLR and India CV divisions are predicted to fuel the revenue surge. The EBITDA margin is also projected to expand due to improved net pricing, scale, and cost savings.
Meanwhile, Ambuja Cements Ltd., part of the Adani Group, reported a significant surge in its Q2 standalone net profit. The company posted a 4.6 times increase in net profit to Rs 643.5 crore, outperforming Bloomberg's consensus estimate and marking a substantial increase from Rs 138.9 crore in the previous year.
Revenue rose by 8% to Rs 3,969.8 crore, falling short of Bloomberg's prediction. The Ebitda grew by 2.47 times to reach Rs 773.5 crore with a margin of 19.48%, both numbers below Bloomberg's estimates. In related news, AMG Media Networks Ltd., which currently holds a 49% stake in QBML, owner of BQ Prime Brand, intends to acquire the remaining shares to make QBML its wholly-owned subsidiary.
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