Tata Motors Q4 Earnings Down Y/Y - Analyst Blog

By Zacks Equity Research,

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Tata Motors Limited ( TTM ) posted earnings of Rs. 12.16 per ordinary share (99 cents per American Depositary Share or ADS) for the fourth quarter ending Mar 31, 2014, down from Rs. 12.27 ($1.13 per ADS) in the year-ago quarter.

Consolidated revenues in the quarter escalated 16.6% year over year to Rs. 653.17 billion ($10.6 billion). Strong demand, higher volumes, enhanced product mix and better geographic mix at Jaguar Land Rover (JLR) offset the negative impact of the weak operating and economic environment.

Fiscal 2013-14 Results

Tata Motors recorded earnings of Rs. 43.50 per ordinary share ($3.60 per ADS) in fiscal 2013-14, beating Rs. 30.94 per ordinary share ($2.84 per ADS) in fiscal 2012-13. Consolidated revenues surged 23.3% to Rs. 2.33 trillion ($38.6 billion) from Rs. 1.89 trillion ($34.6 billion) in fiscal 2012-13.

Segment Results

The automotive and related activity segment's revenues rose to Rs. 649.6 billion ($10.5 billion) in the quarter from Rs. 557.1 billion ($10.3 billion) in the year-ago quarter.

Revenues from the others segment improved to Rs. 6.98 billion ($113.1 million) from Rs. 5.95 billion ($109.6 million).

Financial Position

Tata Motors had cash and bank balances of Rs. 297.1 billion ($4.96 billion) as of Mar 31, 2014, compared with Rs. 211.1 billion ($3.86 billion) as on Mar 31, 2013. Total debt amounted to Rs. 549.5 billion ($9.18 billion) as of Mar 31, 2014, compared with Rs. 333.2 billion ($6.1 billion) as on Mar 31, 2013.

Currently, Tata Motors carries a Zacks Rank #3 (Hold). Some better-ranked automobile stocks worth considering are Fox Factory Holding Corp ( FOXF ), Gentherm Inc. ( THRM ) and Modine Manufacturing Co. ( MOD ), all of which carry a Zacks Rank #1 (Strong Buy).

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TATA MOTORS-ADR (TTM): Free Stock Analysis Report

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MODINE MANUFACT (MOD): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Earnings , Stocks
Referenced Stocks: TTM , THRM , FOXF , MOD

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