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Below is quote on Tata Motors Q1FY22 results by Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd   

Tata Motors reported consolidated revenues of Rs 66,406 crore up by 107.6% YoY and was marginally ahead of street estimates. EBIDTA margin for the quarter was up by 593bps YoY to 7.92% though it was below street estimates and was down sequentially due to sharp increase in raw material costs. Consolidated net loss for the quarter stood at Rs. 4,450 crore for the quarter as compared to a loss of Rs. 8,438 crore in Q1FY21 and was below street estimates. This was largely on account of deferred tax provisions of Rs. 1298 crore for the quarter. JLR reported a 73.7% YoY growth in revenues to GBP 4966bn while EBIT margins expanded by 540bps YoY to 9.0%. JLR posted a loss of GBP 110mn for the quarter as production was impacted by semiconductor shortage. Overall the company posted a mixed set of numbers for the quarter. The semiconductor shortage is expected to continue for some time which will continue to constraint production at JLR for some time.

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