India's Force Motors Q4 profit slips on higher costs [Reuters]
Tata Motors Ltd Tata Motors Limited (TTM)
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tatamotors.com/investor/volumes
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Source: Reuters
The company, which also makes engines for BMW and Mercedes cars in India, said its consolidated net profit fell 4.3% to 1.4 billion rupees ($16.80 million) in the quarter ended March 31 from a year earlier. Revenue from operations rose nearly 35% to 20.11 billion rupees. For further earnings highlights, click ( KEY CONTEXT Analysts expected the slowdown in industrial activity ahead of the general elections to moderate the demand for commercial vehicles through the first half of fiscal 2025. Demand is expected to rebound in the second half. Economic growth, favourable government policies and an anticipated good monsoon are expected to fuel demand in the commercial vehicle sector in FY25, an industry body said earlier this month. PEER COMPARISON Valuation (next 12 months) Estimates (next 12 months) Analysts' sentiment RIC PE EV/EBITDA Revenue growth % Profit growth % Mean rating* # of analysts Stock to price target** Div yield (%) Force Motors Ltd
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