Shares of Tata Motors, Bank of Baroda and Biocon slipped, while Bajaj Finance, Ambuja Cements and Bajaj Finserv dropped in the late morning trade.
IFB Industries, Ador Welding, Taj GVK Hotels, Grindwell Norton, Rane Brake Lining, Shreyans Industries, RS Software (India), Banaras Beads, Bharat Bijlee, Eimco Elecon, Tata Steel BSL, Som Distilleries & Breweries, Mold-Tek Technologies, Apcotex Industries, Greenlam Industries, Thirumalai Chemicals, Tata Coffee, Genus Power Infrastructures, Gruh Finance, Mafatlal Finance, Jubilant Industries, Foseco India, Persistent Systems, Mold-Tek Packaging, PVR, MphasiS, AU Small Finance Bank, Onward Technologies, Central Depository Services (India), South Indian Bank are expected to report results today.
Tata Motors (Consolidated) Q1FY20E Result Expectation:
Revenue – Rs61,937cr, down by 7% yoy, on account of weak performance in both JLR and standalone business (volume decline expected across CV and PV).
EBITDA – Rs4,993cr, down by 17% yoy; due to negative operating leverage and discounting pressure.
EBITDA Margin – 8.1%, contraction of 94bps yoy.
Loss – Rs1,404cr, against loss of Rs895cr in Q1FY19.
Bajaj Finance Q1FY20E Result Expectation
NII – Rs3,141cr, up by 22.2% yoy and decline by 7.5% qoq, due to strong AUM growth and expansion in margins.
PPOP – Rs2,383cr, up by 46.7% yoy and 7.3% qoq, due to higher NII.
PAT – Rs1,270cr, up by 51.9% yoy and 8% qoq, due to higher PPOP.
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