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

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3 years ago

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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.

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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.

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.

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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.

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

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Rakul Preet

Rakul Preet Singh on being the ‘IT’ girl in Bollywood: I just wanted to be a heroine on the big screen

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14 hours ago

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April 19, 2025

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Rakul Preet Singh on being the ‘IT’ girl in Bollywood: I just wanted to be a heroine on the big screen

Rakul Preet Singh, an actor, showcased her feminine side in a shoot for HT City Showstoppers. Inspired by vintage portraits of Indian women, she embodied femininity in a vintage bouquet saree by Navyasa. The outfit was paired with a heritage Basra pearl necklace and bangles by Chaulaz Heritage Jewellery. Singh emphasized that the past year has taught her to take things.

At their own pace. She reflects on her happiness in 2024, including getting married and working great, but a back injury set her back. She also shared her experiences with the internet, including a viral video of a couple’s PDA at a Bengaluru metro station, Jaya Bachchan mocking a toilet, Radhikka Madan reacting to an AI video showing her ‘botched plastic surgery.

Rakul Preet Singh, a Bollywood actor, took a three-month break from work after a back injury in October last year to focus on her recovery. She returned with a memorable performance in Mere Husband Ki Biwi, starring Arjun Kapoor and Bhumi Pednekar. Rakul believes that her security comes from her childhood, where she was taught to believe in herself and choose.

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Rakul wears a vintage bouquet saree by LIVA and a rare Basra pearl necklace from Chaulaz Heritage Jewellery, evoking the timeless allure of vintage glamour. She takes her responsibility as a public figure seriously, ensuring that she shows ALL TO look, and Telangana IAS officer questioning action against those who shared an AI image of 400-acre land. unrealistic expectations. She also takes responsibility for not unrealistic.

expectations, as many young people aspire to be like actors and setting set standards thinking that beauty is ultimate beauty projects that align with her values. She aims to aim for Rakul Preet Singh, a prominent actress in Indian cinema, has shared her perspective on being labeled longevity and be like Amitabh Bachchan sir or Tabu ma’am Rakul Preet Singh, a prominent.

the “IT girl” in Bollywood, emphasizing that her primary aspiration was always to be a heroine on the big screen. Reflecting on her journey, she mentioned that when she entered the industry, she was unaware of such labels. Her focus was solely on her passion for acting and her desire to make a mark in the film industry .​

Having worked across multiple film industries, including Tamil, Telugu, and Hindi, Rakul’s actress in Indian cinema, has shared her perspective on being labeled. versatility and dedication have garnered her a significant fan following. She believes that as long as one continues to deliver quality work and maintain a positive image.

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Beyond her acting career, Rakul is also known for her role as a pet parent. She has often actress in Indian cinema, has shared her perspective on being labeled. spoken about how caring for her pets has taught her responsibility and empathy, qualities that have enriched her personal and professional life Rakul Preet Singh, a prominent actress in Indian cinema.

In summary, Rakul Preet Singh’s journey in the film industry reflects her commitment to her actress in Indian cinema, has shared her perspective on being labeled. craft and her belief in the importance of staying true to oneself, regardless.

Rakul Preet Singh, in a recent interview, opened up about her journey in Bollywood and being labeled the “IT” girl of the industry. She shared that her primary focus has always been to be a heroine on the big screen rather than chasing any particular tag. Rakul emphasized that when she entered the film industry, she didn’t think about such labels but simply wanted to make

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