Tata Motors Ltd’s shares had plummeted after it announced its December quarter results, and they still haven’t recovered (See chart). Its March quarter results announcement will have the exact opposite effect, helping the company’s shares bridge the gap with peers. Tata Motors, instead, reported a 125% sequential jump in Ebitda to Rs10846 crore. Besides, the product and geography mix turned favourable and operating leverage kicked in, resulting in a sharp jump in profits. Tata Motors’ standalone revenues, which largely capture the domestic commercial vehicles and passenger vehicles business, rose 35% sequentially.

Source: Mint May 23, 2017 16:18 UTC