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Tata Motors Q4FY19 Financial Results

Auto News - Published on Wed, 22 May 2019

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Guenter Butschek, CEO and MD, Tata Motors, said "Q4FY19 has been extremely tough with market sentiments remaining muted, impacting demand across segments. The industry outlook is not going to be anything different in the short term due to multiple uncertainties. To mitigate this impact, we have strengthened our actions under the ongoing turnaround. With intense sales activation, new product launches, continued thrust on cost reduction, we have been able to improve our business performance across the board and post strong financial results for the fiscal while improving our market shares. PV has been able to close FY19 with EBIDTA breakeven. Our EV business has started making early inroads into the market and is set to grow. With our updated vision of becoming the most aspirational brand, consistently winning in CV, PV and EV, we remain optimistic for fiscal year 2020."

Net Revenue at FY19 Rs.301.9K Cr (+3.7%) TML domestic delivers robust profitable growth JLR returns to profitability in Q4EBITDA at Rs.27.0K Cr (EBITDA margin 9.0%), EBIT margin of 1.2 % (down 290bps)PAT at Rs. (-26.7K) Cr impacted by exceptional items of Rs. (-29.6K)Cr, partially offset by tax credits Positive FCF (Auto) of Rs. 19.2K Cr in Q4’19 leading to significant improvement in FCF (Auto) for FY19 (- Rs.9.2K Cr)Second successive year of positive FCF in TML domestic (Rs.1.5K Cr for FY19)JLR generated positive FCF of £ 1.4 B in Q4’19 leading to significant improvement in FCF for FY19 (-£ 1.3 B)Strong liquidity as at 31st March 2019:- Rs.61.1 K Cr ( Cash & CE Rs.42.1 KCr; Committed lines Rs.19.0 KCr)Company recommended a dividend of Rs. 1 per Ordinary Share of 2/- each and Rs.1.10 per ‘A’ Ordinary Shares of Rs. 2/- each for FY19; subject to approval of shareholders

Unveiled next generation premium urban car – ALTROZ, launched Tata Harrier #BornofPedigree and Tata Nexon achieved ‘5 star’ Global NCAP safety ratingRevenue Rs.69.2K Cr (+20.3%), YTD market shares up (as compared to FY 18) in PV (+60 bps) and in 3 out of 4 segments in CV ( MHCV trucks+70 bps; ILCV trucks +50bps; SCV & Pick ups+70 bps)Positive FCF of Rs.1.5K Cr for FY 19; Second successive year of positive FCFPAT at Rs.4.0K Cr (includes tax credits of Rs.1.9KCr taken in Q4)EBITDA at Rs.5.7K Cr (8.2%), EBIT at 3.8% (+330 bps), CV EBITDA at 11.0% for FY 19 (stable & industry leading); PV business reached EBITDA breakeven at 0.1%Turnaround 2.0 to continue with sharp focus on "Win Decisively in CV", "Win Sustainably" in PV, "Win Proactively in EV" & Embed Turnaround culture in organisation

Launched the all new Range Rover Evoque with hybrid options.I-PACE takes World Car of the Year triple crown & European Car of the Year JLR Revenue at £ 24.2 Bn (-6.1%), PAT at (-£ 3.3 Bn), EBITDA of £ 1.9 Bn (8.2%), EBIT at -0.7%, FCF (-£1.3 Bn) Strong sequential improvement (EBIT+560 bps Q-o-Q); positive FCF of £ 1.4 Bn in Q4 leading to significant improvement in FCF for FY 19 Project Charge on track to achieve £ 2.5 Bn target; Cash benefits started to flow in with £ 1.3b delivered in FY 19JLR taking decisive actions to step up our competitiveness, reduce breakeven, improve cash flows.

Q419: Revenue 86.4 KCr (-3.9%); PAT Rs. 3.1K Cr; FY19: Revenue 301.9 KCr (+3.7%); PAT Rs.(26.7K) Cr Turnaround 2.0 delivers in TML, Project Charge on track at JLR Recommended a dividend of Rs. 1.0 per Ordinary Share of 2/- each and Rs.1.10 per ‘A’ Ordinary Shares of Rs. 2/- each for FY19;subject to approval of shareholders
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Posted By : Rabi Wangkhem on Wed, 22 May 2019
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