Quote On Tata Motors Q3FY21 By Keshav Lahoti, Angel Broking
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Below are Quote On Tata Motors Q3FY21 By Mr. Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd
Tata Motors Ltd. reported consolidated revenue growth of 5.5% for Q3FY2021 to ₹75,654 crore due to strong demand for vehicles as the economy is coming back to normal. Consolidated EBIDTA margin increased by 540 bps to 14.8%. In this quarter, sales volume increased due to pent up demand also. Tata Motors continues to be a loss making entity although losses have reduced on YoY basis . Consolidated PAT for the quarter was ₹2,941 crore as compared to ₹ 1,756 crore for the same quarter in the last year up by 67.5% YoY. Going forward, new product launches will be key monitorable for the company. We are bullish on the Company as the demand situation is improving.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
