Tata Motors Q4 Preview: Auto major expected to put up a strong show driven by India and JLR business

Tata Motors is expected to report a net profit of between ₹3,100-3,204 crore for Q4 2022, an average estimate by five brokerages shows. Revenue from operations is expected to increase by up to 34% to ₹1.06 lakh crore. Tata Motors has reported volume growth of 3% during Q4, led by the passenger vehicles segment. JLR volumes rose 24% in the same period as chip supply and traction toward new models continued. Nomura expects EBITDA margins to improve 213bps YoY and 255bps QoQ to 13.4%.