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Tata Motors slides 4% on profit booking post December quarter results

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Tata Motors slides 4% on profit booking post December quarter results

Shares of Tata Motors fell 4% to Rs 498.55 in intraday trade on Tuesday after the company pared its consolidated loss on a quarter-on-quarter basis for September 2021-Q3 FY22 due to better availability . Semiconductors help Jaguar Land Rover (JLR) increase production.

Tata Motors shares were down 3% at Rs 502 at 9.30am, while the S&P BSE Sensex rose 1.2%. The stock is up 71% over the past six months, compared with the benchmark’s 12% gain.

Tata Group Commercial Vehicles reported a net loss of Rs 1,451 crore in the third quarter of FY22 compared to a net loss of Rs 4,415 crore in the September quarter (Q2 FY22). In the same period last year, it posted a net profit of Rs 2,941 crore.

Operating income for the three-month period fell 4% year-on-year to Rs 72,229 crore compared to Rs 75,653 crore in the same period. Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter was Rs 9,057 crore, corresponding to an EBITDA margin of 12.5%, up 250 basis points sequentially.

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Tata Motors said demand remains strong despite recent concerns about the Omicron spread. The semiconductor supply situation is gradually improving, and inflation concerns persist. The resilience of the business has improved over the past two years, and it is now inherently stronger. By taking concerted action to address near-term supply and cost challenges, the company expects further improvement in Q4 FY22 and beyond.

Tata Motors’ third-quarter results exceeded our expectations, mainly driven by Jaguar Land Rover’s sequential increase in EBITDA margins driven by a favorable product mix. Gross margins rose about 320 basis points sequentially in the quarter, ICICI Securities said in a report.

The company was guided by a strong demand outlook (Jaguar Land Rover (JLR) booked 155,000 units, up 30,000 units sequentially), coupled with a gradual improvement in chip availability, resulting in healthy profitability. The brokerage said it continued to lead the domestic EV market with about 82 percent market share and remained committed to its long-term electrification goals at Jaguar Land Rover.

The near-term sales outlook remains uncertain due to JLR’s semiconductor uncertainty, which will be compensated by a richer mix, limiting the impact on EBIDTA. Analysts at Edelweiss Securities said the launch of the RR along with strong demand for the RRS and strong demand for the Defender could surprise FY23 margins as production normalizes.

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The brokerage maintained a “buy” rating on the stock with a target price of Rs 616 per share. “India and Jaguar Land Rover are on the cusp of strong demand and product cycle tailwinds. This will lead to improved balance sheets – key drivers of our Braveheart call,” it said.

Complete News Source : Business Standard

Lifestyle

10 best activities hacks for the better lifestyle for Business Managers.

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10 best activities hacks for the better lifestyle for Business Managers.

Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.

Mindfulness at Work lifestyle

Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.

Regular Exercise Breaks

Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.

Nutrition and Healthy Eating

Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.

Time Management Workshops

Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.

Skill Development Seminars

Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.

Flexible Work Arrangements

Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.

Social Engagement

Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.

Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.

Pursuing Hobbies and Interests

Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.

Encouraging Employee Wellness

Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.

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