Tata Motors’ revenue stood at Rs 88628 crore in the March quarter against Rs 62492 crore in the March 2020 quarter.
The company expects a fall in sales in the April-June quarter.
Tata Motors’ March quarter results have arrived. The company’s net loss in the March quarter stood at Rs 7605 crore. It has fallen drastically on an annual basis. The company had a net loss of 9894 crores in the March quarter of 2020. There has been a bump in the company’s revenue. Tata Motors’ revenue stood at Rs 88628 crore in the March quarter against Rs 62492 crore in the March 2020 quarter. It has recorded a growth of 42 percent.
Bloomberg had estimated that the company’s profit in this quarter would be around Rs 2774 crore, while revenue was estimated at Rs 87517 crore. The company lagged far behind this target. In the information released to the stock market, Tata Motors said that the company expects a fall in sales in the April-June quarter. He has attributed this to the rise in commodity prices. However, it is expected to accelerate from the second quarter of the current financial year. The company continues to outperform in the consumer vehicle segment. The operating profit (EBITDA) of Tata Motors company JLR i.e. Jaguar Land Rover in the March quarter has been 12.7 thousand crores.
Returns of over 300% in a year
Today, Tata Motors shares gained 3.53 per cent to close at Rs 332.45. The 52-week high is Rs 357 and the lowest level is Rs 79.60. The company’s market cap is Rs 110383 crore. This stock has given more than 300 per cent returns in a year. It has given a return of 5.36 per cent in a week and 7.24 per cent in a month.
80 percent increase so far this year
Currently, Tata Motors shares are trading above the average price of 5,20,50, 100 and 200 days. So far this year, its stock has increased by 80 percent. Right now the level at which its stock is trading is at an upper level on every scale. The company has incurred huge losses and it is expected that the business will slow down in the June quarter as well. In such a situation, if there is a fall in the stock, then there is an opportunity for investors. For the investors who have already held positions, the advice of market experts is important.
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