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Tata Motors (TTM) Moves Up on Higher Q1 Earnings Results - Analyst Blog

Tata Motors Limited ( TTM ) gained 7.5% to reach $41.11 on Aug 11, 2014, after the Indian automobile manufacturer posted earnings of Rs. 16.75 per ordinary share ($1.39 per American Depositary Share or ADS) for first-quarter fiscal 2015 ending Jun 30, 2014, up from Rs. 15.38 per share ($1.28 per ADS) in the year-ago quarter.

Consolidated revenues in the quarter escalated 38.2% year over year to Rs. 646.83 billion ($10.75 billion). Strong demand for new products, 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 in the standalone business.

Segment Results

The automotive and related activity segment's revenues rose to Rs. 643.04 billion ($10.68 billion) in the quarter from Rs. 465.14 billion ($7.73 billion) in the year-ago quarter.

Revenues from the others segment improved to Rs. 6.24 billion ($103.7 million) from Rs. 5.74 billion ($95.4 million).

Debt

Tata Motors had gross debt of Rs. 640.37 billion ($10.64 billion) as of Jun 30, 2014, compared with Rs. 582.34 billion ($9.68 billion) as on Jun 30, 2013.

Zacks Rank

Tata Motors is the largest automobile company in India. It is also the 5 th largest truck manufacturer and the 4 th largest bus manufacturer in the world.

Currently, Tata Motors sports a Zacks Rank #1 (Strong Buy). Other automobile stocks worth considering include Tesla Motors, Inc. ( TSLA ), Fox Factory Holding Corp ( FOXF ) and Gentherm Incorporated ( THRM ). While Tesla holds a Zacks Rank #1, Fox Factory and Gentherm carry a Zacks Rank #2 (Buy).

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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.


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

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