Tata Motors Group returns to profits in challenging conditions
- Net Revenue at FY19 Rs.301.9K Cr (+3.7%)
- TML domestic delivers robust profitable growth
- JLR returns to profitability in Q4
- EBITDA at Rs.27.0K Cr (EBITDA margin 9.0%), EBIT margin of 1.2 % (down 290bps)
- PAT at Rs. (-28.7K) Cr impacted by exceptional items of Rs. (-29.6K)Cr,
- 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)
Tata Motors (Standalone incl JO) : ‘Turnaround 2.0’ delivers
- Unveiled next generation premium urban car – ALTROZ, launched Tata Harrier #BornofPedigree and Tata Nexon achieved ‘5 star’ Global NCAP safety rating
- Revenue 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 FCF
- PAT at Rs.2.0K Cr
- 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
Jaguar Land Rover: Returns to profitability in Q4 FY 19. Project Charge on track.
- 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 19
- JLR taking decisive actions to step up our competitiveness, reduce breakeven, improve cash flows.
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SOURCE: Tata Motors
