Tata Mo­tors may Strug­gle to Rev Up with Hedg­ing a Drag

The Economic Times - - Companies: Pursuit Of Profit -

price fluc­tu­a­tions. With sig­nif­i­cant sales com­ing from the UK, China, and the rest of Europe, Tata Mo­tors has sig­nif­i­cantly greater cur­rency ex­po­sure than its In­dia-listed peers. The clean EBITDA mar­gin, com­putedafter­re­movin­gall­non­re­cur­rin­gitems,stoo­dat10.1%in the De­cem­ber quar­ter. In the first nine months of FY17, clean EBITDA mar­gin for JLR stood at 12.9%: The Street es­ti­mated EBITDA mar­gin of 13.2% and 15.8% for FY17 and FY18, re­spec­tively, be­fore the De­cem­ber quar­ter re­sults. The con­sen­sus EBITDA mar­gins are now likely to be trimmed af­ter the man­age­ment com­men­tary on fu­ture earn­ings.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.