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30/01/2021 3:44:49 PM | Source: Angel Broking Ltd
Quote On Tata Motors Q3FY21 By Keshav Lahoti, Angel Broking
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Quote On Tata Motors Q3FY21 By Keshav Lahoti, Angel Broking

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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