Tata Motors Limited
) 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
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.
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
Revenues from the
segment improved to Rs. 6.98 billion ($113.1 million) from Rs. 5.95
billion ($109.6 million).
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
Modine Manufacturing Co.
), all of which carry a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
TATA MOTORS-ADR (TTM): Free Stock Analysis
GENTHERM INC (THRM): Free Stock Analysis Report
FOX FACTORY HLD (FOXF): Free Stock Analysis
MODINE MANUFACT (MOD): Free Stock Analysis
To read this article on Zacks.com click here.