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Tata Motors Q2FY20 financial results

Key highlights of the results: Q2‘20

Tata Motors Group

  • JLR performance improves
  • Sharp market decline in India
  • Benefits from China recovery and Project Charge offset by M&HCV decline & India stock reduction
  • Q2’20: Volumes at 242K down 25%; Revenue Rs.65.4 KCr down 9%
  • EBITDA margin at 12.4%(+250bps); EBIT margin at 3.8% (+210bps)
  • PBT at Rs.621Cr vs Rs.(823)Cr in Q2’19

Jaguar Land Rover: Performance improves – continued recovery in China, Project Charge delivers

  • Q2’20: Revenue £6 B (+8%);
  • EBITDA margin at 13.8% (amongst the highest in last 16 quarters); EBIT margin at 4.8%
  • PBT £156M
  • Project Charge on track to achieve £2.5B of cash and profit improvements with £2.2B achieved to date
  • The all new Defender launched. An icon reimagined for the 21st century
  • £625 m UKEF-backed facility completed in October

Tata Motors (Standalone incl JO): Turnaround 2.0 – Managing the slowdown by doing it right

  • Sharp decline in both PV and CV markets
  • Q2’20: Revenue 10 KCr (down 44%); PBT Rs. (1,270) Cr impacted primarily by MHCV decline of 59%
  • Focus on securing ecosystem viability and retail acceleration
  • CV (Dom) retails higher by 26%(vs wholesales), PV(Dom) retails higher by 19%(vs wholesales)
  • System stock reduced by Rs.3400Cr

Please click here to view the full press release.

SOURCE: Tata Motors

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