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BW Businessworld

Tata Motors Operating Profit May Beat Estimates

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 Tata Motors may beat consensus operating profit forecasts for the July-September quarter when it reports results later in the day, Thomson Reuters StarMine's SmartEstimates shows.

 StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Tata Motors to report an operating profit of Rs 76.09 billion (Rs 7609 crore) for the quarter, compared with a consensus mean estimate of 74.80 billion rupees.

 Still, in terms of net profit, StarMine's SmartEstimates expects India's largest automaker by revenue to post September quarter net profit of Rs 24.93 billion (Rs 24.93 crore), lagging consensus mean estimate of Rs 25.48 billion (Rs 25,48 crore).

 Tata Motors shares are up 1.2 per cent at 9:59 a.m.

 (Reuters)