Tata Motors has reported 18% YoY growth in Sales in FY 2017-18. JLR revenue has seen + 3.8%, the domestic has grown by +45% YoY. JLR operating margins is down by 2% for higher incentive costs. Operating Margin is up by +4.6% due to better product mix and higher realisations. TataMotor has accounted a one-time review of its assets in 4QFY18 to ensure that it is "fit for future" & written-off Rs 21.1 bn (Rs 8.7 bn in JLR and Rs 12.4 bn ) for projects that will not be actionable. This has the one-time impact on profits & main reason for Recent Fall in share price of Tata Motor.
Valuation & Q4 Fy 2017-18 Results update : http://www.niftynext.com/2018/05/tata-motors-ltd-q4-fy2017-18-results.html#axzz5FMhmQzfp
Valuation & Q4 Fy 2017-18 Results update : http://www.niftynext.com/2018/05/tata-motors-ltd-q4-fy2017-18-results.html#axzz5FMhmQzfp
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