TATA MOTORS Q4FY20 RESULTS: 9864 CRORE NET LOSS,JLR LOSS AT 501 MILLION POUND

Tata motors declared result of Q4 at 15 June 2020,Result is weeker than expected:Experts

    Mumbai, June 15, 2020: Tata Motors Ltd announced its results for year ending March 31, 2020

Corona virus effect can be seen clearly on results. 

    Here are some highlights of tata motors reults.

    You can download this result by clicking here

Jaguar and Land Rover-FY20

• Retails down 12% to 508.7K units
•  Net Revenue down 5% to £23.0B
•  EBIT at (0.1) %  Loss before tax at £ 422m
• Investments: £ 3.3B in products and technologies
• Free Cash Flows of £ (0.7) B

Tata motors(Cosolidated)-FY20

• Retails: CV down 22% to 360.8K
•  PV down 25% to 148.8K units
•   Net Revenue down 37% to ₹ 43.9K Cr 
•  EBIT at (7.1) %
•   Loss before tax at ₹ 7,127Cr. 
• Investments: ₹ 5,344 Cr in products and technologies
•   Free cash flows of ₹ (6.0) KCr

Company also give commentary on this result(Tata motors result)

JLR: After Jaguar Land Rover's return to profit in the second and third quarters, which reflected improvements achieved through its transformation programme, fourth quarter results were significantly impacted by the pandemic. Despite this, the business has improved its EBIT by 60bps and cash delivery by £560m over the previous year. Project Charge has delivered cumulative savings of £3.5 billion. 

TML: In India, demand which was already adversely impacted by the general economic slowdown, liquidity stress and stock corrections due to BSVI transition, was further affected by the lockdown. Steep volume decline, particularly MHCV, and resulting negative operating leverage impacted profitability and cash flows.

Outlook: Q1 FY21 is expected to be significantly weaker in both JLR and TML with the full impact of lockdowns being reflected in the results. A gradual improvement in performance is anticipated in the coming quarters as we deliver our exciting product range while driving a robust cost and cash savings agenda. Actions are underway to significantly deleverage the Tata Motors Group with JLR to become sustainably cash positive from FY22 while becoming future ready. 

Top executive commentary on Tata motors result:

Prof Sir Ralf Speth, JLR Chief Executive commented, “Jaguar Land Rover’s early action to transform its business meant that as a company we were on track to meet our fullyear expectations and operational and financial targets before the pandemic hit in the fourth quarter. We also reacted quickly to the disruption. Our immediate priority has been the health and wellbeing of our people – and this remains the case as we have now begun the gradual, safe restart of our operations. In such uncertain times, I remain convinced that Jaguar Land Rover’s focus on its people, its innovative products and its Destination Zero mission will remain the key to navigating out of this global crisis effectively. In China, we are beginning to see recovery in vehicle sales and customers are returning to our showrooms. Our operational fitness gives me confidence that we can weather this storm.”

Opinions about Tata motors share price due to Tata motors results:

Some are saying gap up opening and some are saying gap down opening. In global market ADR is shown up ward trend. So tomorrow gap up opening may be seen.