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Tata Motors Ltd | Yadnya Investment Academy

Tata Motors Ltd Q4 FY21 Results Analysis | Yadnya Investment Academy

Published on 19 May 2021 .Views 4 .Comments 0

Standalone Q4FY21 Results

  • Revenue from operations stood at Rs. 20,046 in Q4FY21 crores compared to Rs. 9,733 crores in Q4FY20. The company posted a growth of 106%.
  • EBITDA margin improved by 1370 bps to 7.8% in Q4FY21 compared to same quarter previous year.
  • EBIT margin for the same period improved by 1900 bps and in Q4FY21 is at 3%.
  • Profit Before Tax and Exceptional Items stood at Rs. 145 crores in Q4FY21
  • The Profit Before Tax turned positive in Q4FY21 as it stood at Rs. 1,646 crores when compared to Rs. (-4,786) crore in the same quarter previous year.
  • The company posted profit for the quarter at Rs. 1,646 crores when compared to loss of Rs. (-4,871) crores in Q4FY20.

 

Consolidated Q4FY21 Results

  • Revenue from operations stood at Rs. 88,628 in Q4FY21 crores compared to Rs. 62,493 crores in Q4FY20. The company posted a growth of 42%.
  • EBITDA margin improved by 870 bps to 14.4% in Q4FY21 compared to same quarter previous year.
  • EBIT margin for the same period improved by 1120 bps and in Q4FY21 is at 7.3%.
  • Profit Before Tax and Exceptional Items stood at Rs. 5,703 crores in Q4FY21
  • The Profit Before Tax in Q4FY21 stood at Rs. (-7,643) crores when compared to Rs. (-9,313) crore in the same quarter previous year.
  • The company posted loss for the quarter at Rs. (-7,605) crores when compared to loss of Rs. (-9,894) crores in Q4FY20.

 

Standalone FY21 Results

  • Revenue from operations stood at Rs. 47,031 in FY21 crores compared to Rs. 43,3928 crores in Q4FY20. The company posted a growth of 7%.
  • EBITDA margin improved by 380 bps to 4.3% in Q4FY21 compared to previous year.
  • EBIT margin for the same period improve by 370 bps and in FY21 but still was negative at (-3.5%).
  • Profit Before Tax and Exceptional Items stood at Rs. (-3,705) crores in FY21.
  • The Profit Before Tax in FY21 stood at Rs. (-2,312) crores when compared to Rs. (-7,127) crore in FY20
  • The company posted loss for FY21 at Rs. (-2,395) crores when compared to loss of Rs. (-7,289) crores in FY20.

 

Consolidated FY21 Results

  • Revenue from operations stood at Rs. 2,49,795 in FY21 crores compared to Rs. 2,61,068 crores in Q4FY20. The company posted a decline of (4)%.
  • EBITDA margin improved by 370 bps to 12.2% in FY21 compared to previous year.
  • EBIT margin for the same period improved by 260 bps and in FY21 is at 2.6%.
  • Profit Before Tax and Exceptional Items stood at Rs. 3,287 crores in FY21
  • The Profit Before Tax in FY21 stood at Rs. (-10,474) crores when compared to Rs. (-10,580) crore in FY20
  • The company posted loss for FY21 at Rs. (-13,451) crores when compared to loss of Rs. (-12,071) crores in FY20.
  • Due to higher gross borrowings, the finance cost increased to Rs. 8,097 crores in FY21.

 

Jaguar Land Rover

  • In Q4FY21, the retail sales increased by 12% to 123.5k units while in FY21, the retail sales declined by 13.6% to 439.6k units.
  • The investments in products and technologies for JLR stood at 2.3B pounds in FY21.
  • The division produced positive free cash flows of 729m pounds in Q4FY21 and 185m pounds in FY21.
  • There was strong recovery on YoY basis in China and North America. 7.5% EBIT Margin and 729m pounds in free cash flow reflect the recovery in sales, favourable mix and Charge+ delivery.

 

Tata Motors Ltd

  • Q4FY21 retail volumes increased by 52% and reached 171.8K units. But FY21 retail volumes declined by 14% to 437.3K units.
  • The company invested Rs. 2.6k crores in products and technologies in FY21.
  • The company also generated positive free cash flow of Rs. 2.9k crore in Q4FY21 and Rs. 2.7k crore in FY21.
  • The operations in India continued strong recovery as CV revenues recovered to pre-pandemic numbers while PV revenues also reaching multi-year highs.
  • The business posted 3% EBIT margin.

 

Outlook

  • Though the demand is strong, the supply side may get affected due to disruptions form COVID-19 lockdowns in India and also the semi-conductor shortage occurring worldwide.
  • The above factors and rising commodity inflation cause company to expect weak Q1FY22. But company expects to improve from Q2FY22.

 

 

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