Icon times
Tata Motors Ltd | Yadnya Investment Academy

Tata Motors Ltd Q4 FY21 Results Analysis | Yadnya Investment Academy

Published on 19 May 2021 Views 39 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.

 

 

Attachments
File Name
private article suscription area icon

You like to know more. We like that!

Please subscribe Model Portfolio Plan to get access of all premium model portfolio articles Only at Rs 7499/Year.

Please login to view this free article.

This blog is available only for logged in users, please register and get access to view this article.

LATEST UPDATE

premium Premium
free Free
Read More

REPORTS


Chat on WhatsApp
Caret UP Arrow
InvestYadnya Support
Typically replies in minutes
InvestYadnya Support
Hi there
Welcome to InvestYadnya.
We are available to assist you on WhatsApp.
Please click on the button below to chat with us.
(10 AM to 7 PM IST)
16:10
Chat with InvestYadnya