Earnings Alerts

Tata Motors Ltd (TTMT) Earnings: September Local Sales Drop 15% Y/Y, Future Demand Expected to Increase

  • Tata Motors’ local sales in September 2024 were 69,694 units.
  • This is a 15% decrease compared to 82,023 units in September 2023.
  • Passenger vehicle sales for September 2024 were 41,313 units.
  • Passenger vehicle sales saw an 8.8% decline year-on-year.
  • Commercial vehicle sales for September 2024 were 30,032 units.
  • Commercial vehicle sales dropped by 23% year-on-year.
  • The company anticipates demand to pick up gradually in the third quarter of the fiscal year.
  • Current analyst ratings: 22 buys, 7 holds, and 5 sells.

Tata Motors Ltd on Smartkarma




Analyst Coverage of <a href="https://smartkarma.com/entities/tata-motors-ltd">Tata Motors Ltd</a> on Smartkarma

Analyst coverage on Tata Motors Ltd on Smartkarma showcases varying sentiments from different analysts. Leonard Law, CFA, in his report “Morning Views Asia: Tata Motors ADR, Yankuang Energy Group,” expresses a bullish outlook on the company, providing fundamental credit analysis and trade recommendations. On the other hand, Trung Nguyen‘s report on “Tata Motors – Earnings Flash – FY 2023-24 Results” leans towards a bearish sentiment despite the company posting excellent results with record high revenue and earnings.

Brian Freitas, in the report “Tata Motors (TTMT IN): Index Impact of DVR Cancellation,” presents a bullish perspective on Tata Motors, highlighting the potential increased weight of the stock in indices following the cancellation of DVRs. Additionally, Trung Nguyen‘s analysis of “Tata Motors – Earnings Flash – Q1 FY 2024-25 Results” indicates a positive sentiment regarding the company’s strong performance in Q1, with expectations of stable growth in the upcoming financial year.



A look at Tata Motors Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
Resilience3
Momentum3
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Looking at Tata Motors Ltd‘s Smartkarma Smart Scores, the company seems to have a promising long-term outlook. With a strong Growth score of 5, Tata Motors is positioned well for future expansion and development within the automotive sector. This indicates that the company is geared towards increasing its market presence and potentially growing its revenue over time.

Additionally, Tata Motors received a Value score of 3, suggesting that the company’s stock may have good value relative to its current price. This could be enticing for investors looking for potentially undervalued opportunities in the market. Combined with a Resilience score of 3 and Momentum score of 3, Tata Motors appears to have a balanced overall outlook, making it a company to watch for those interested in long-term investments.

### Tata Motors Limited manufactures cars and commercial automotive vehicles. The Company designs, manufactures, and sells heavy, medium, and small commercial vehicles including trucks, tankers, vans, buses, ambulances and minibuses. Tata also manufactures small cars and sports utility vehicles. ###


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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