Tata Motors' Fiscal 2018 1Q Results Disappoint; INR 570 FVE Unchanged
Narrow-moat-rated Tata Motors, which is India's largest commercial truck producer and owns the Jaguar and Land Rover luxury brands, reported first-quarter fiscal 2018 diluted earnings per ordinary share before special items, or EPS, of INR 2.17, a dramatic INR 1.07 miss relative to the market consensus EPS of INR 3.24. Even so, we have been expecting fiscal 2018 first-half margin contraction on a grueling launch schedule, where JLR ramps up six new models and Tata launches six new products in th...Tata Motors is an automobile company, engaged in the manufacture and sale of commercial and passenger vehicles primarily in India. Co. provides cars, utility vehicles, trucks, buses, and defense vehicles, as well as develops electric and hybrid vehicles for personal and public transportation. In addition, Co. is engaged in the provision of engineering and automotive applications, as well as machine tools and factory automation applications; construction equipment manufacturing; automotive vehicle components manufacturing, among others. Co. markets its vehicles in Europe, Africa, the Middle East, South East Asia, South Asia, and South America.
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