Jaguar Land Rover is expected to report a 22 percent decline in profit at 191.25 million pound for the quarter, year-on-year as margin may remain under pressure.
Commercial as well as passenger vehicle maker Tata Motors is expected report a solid 66 percent growth year-on-year in profit for July-September quarter, even as standalone business may post loss.
Consolidated profit after tax is expected to be at Rs 1,391 crore for the quarter, against Rs 839 crore in same quarter last fiscal, according to average of estimates of analysts polled by CNBC-TV18.
Revenue from operations may increase 6 percent year-on-year to Rs 69,985 crore while operating profit is seen rising 14 percent to Rs 7,158 crore with margin expansion of 90 basis points 10.4 percent for quarter ended September 2017.
Jaguar Land Rover is expected to report a 22 percent decline in profit at 191.25 million pound for the quarter, year-on-year as margin may remain under pressure.
Operating profit of its luxury maker may increase 7 percent to 740.08 million pound, but margin may contract 30 basis points to 10.6 percent compared with year-ago. Margin on sequential basis may expand 270 basis points.
Revenue during the quarter is seen rising 9.8 percent to 6,981.9 million pound, against 6,354.5 million pound in same quarter last fiscal.
On standalone front (domestic business), Tata Motors is expected to post loss of Rs 400 crore for the quarter, against loss of Rs 662 crore in year-ago.
Revenue may grow 27 percent year-on-year to Rs 13,009 crore while operating profit is seen rising sharply by 59 percent to Rs 585.40 crore with margin expansion of 90 basis points in September quarter.
Forex movement for JLR was not favorable during the quarter. Many analysts believe forex can be a dark horse as expectations are very low.
The stock was up 22 percent post Q1 lows. In Q1FY18, the company missed analyst expectations as JLR margin hit multi-quarter low.
