Standard Chartered expects Tata Motors to report Rs 4,200 crore in profits

Standard Chartered expects Tata Motors to report Rs 4,200 crore in profitsStandard Chartered Securities is expecting the country's leading automotive company, Tata Motors to report a consolidated profit of Rs 4,200 crore during the fourth quarter till March 2012.

Amit Kasat, Director, India Institutional Research, Standard Chartered Securities said that he expects the company to report a consolidated profit of Rs 4,200 crore in the quarter but points out that there can be a surprise in the Profit After Tax figures.

The uncertainty is mainly due to fluctuations seen in the national currency during the quarter but it is expected to have a positive impact on Tata Motors' operating performance. Jaguar and Land Rover unit has recorded strong growth during April-March 2012 period even as the company's domestic Indian business faced difficult year in the country.

The sales of Jaguar and Land Rover models increased significantly specially after the launch of Range Rover Evoque crossover. The global sales of the entire group increased 26 per cent year-on-year to 1,39,655 units in March. The Jaguar Land Rover unit of the company generated 57 percent of Tata Motors' revenue for the year ended March 2011 compared to 53 percent in the previous year.

Tata Motors is expected to announce its results for the fourth quarter on Tuesday.