Ahead of the results, shares of the company rose 4 per cent to Rs 423.80 on the BSE in Tuesday’s intra-day trade amid heavy volumes. The average trading volumes at the counter more-than-doubled today, with a combined 19.24 million equity shares changing hands on the NSE and BSE till 11:43 AM. READ MORE
Further, volume recovery and product mix improvement will drive margins during the said quarter. Ebitda (earnings before interest, tax, depreciation, and amortization) is seen rising 19 per cent on year/30 per cent on quarter to Rs 8,031.1 crore.
Prabhudas Lilladher
"We expect JLR (Jaguar Land Rover) volumes to grow in mid-single digit led by servicing of order book, and semiconductor supply improving," it said.
Sharekhan
Phillip Capital
"Revenue is likely to grow by 17 per cent YoY as commercial vehicle (CV) volumes picked up cyclically, and supply constraints eased, while demand remained strong. Ebitda margin will likely show an improvement of 120 bps QoQ to 4.9 per cent, on higher volumes (QoQ) and correction in raw material prices," it said.
On a consolidated basis, Kotak sees profit at Rs 800 crore against a loss of Rs 1,796 crore in the year-ago quarter.
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