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Tata Motor share rate: Shares of Tata group major Tata Motors were trading weak by over 1 per cent after the company's mixed set of earnings for the March quarter. In the previous session, ahead of the results, the company's share price settled with a cut of 2 per cent at Rs 707.9 per share on the BSE.

At around 9:44 am, the company's scrip was down 1.4 per cent or Rs 10 at Rs 697.75, while the stock's day high and low prices are Rs 700.25 and Rs 686 per share, respectively.

Nifty50 constituent Tata group auto major released its March quarter earnings on May 13 after market hours. For the review quarter, the company's profit came in at Rs 8,470 crore. Zee Business research anticipated profit to increase by 8 per cent year-on-year during the review period. In the same quarter in the previous fiscal year, the company's net profit stood at Rs 17,552 crore. 

Revenue for the quarter came in at Rs 1,19,500 crore, rising 0.4 per cent on-year.

Meanwhile, the company's operating profit EBITDA or Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at Rs 16,700 crore. Analysts expected EBITDA to fall 6 per cent per cent on-year to Rs 16,001 crore as against Rs 16,993 crore in the same quarter a year-ago. Adjusted EBITDA, however, logged a decline of 4 per cent at Rs 16,664 crore. 

EBITDA margin for the quarter stood at 14 per cent. Similarly, the adjusted margin came in at 13.8 per cent better than estimates of 13.4 per cent. In the year-ago period, the adjusted margin was reported at 15 per cent.

Tata Motors gives cautious guidance due to tariff war uncertainty. Tariffs and related geo-political actions are making the operating environment uncertain and challenging. The global premium luxury segment and Indian domestic markets are expected to weather this relatively better. Drawing strength from our healthy business fundamentals, we remain focused on executing our growth strategy flawlessly, serving our customers better, and maintaining a heightened vigil on costs and cashflows whilst continuing to invest in our future, the company added in its stock filing with the exchanges.

On a net basis, the Tata Motors group turned net auto cash positive in FY25 with net cash balance of Rs 1000 crore. Lower depreciation and amortization at JLR, better CV profitability and savings in interest cost were partially offset by lower volumes and lower operating leverage.

PB Balaji, Group Chief Financial Officer, Tata Motors said: “Despite external headwinds, Tata Motors sustained its strong performance in FY25, delivering its highest ever revenues and PBT(bei). On a consolidated basis the automotive business is now debt-free, reducing interest costs."

Global brokerages remain largely mixed post the company's Q4 show. Jefferies maintained an 'underperform' call on the stock with the target raised only marginally to Rs 630. The brokerage remarked that the company's Q4 EBITDA fell 2 per cent on-year. It added that JLR is likely to face a tough year ahead due to US tariffs, increasing competition in China, & rising customer acquisition costs. The brokerage will cut FY26-27E EBITDA by 8 per cent but raise EPS by 3-4 per cent.

CLSA, meanwhile, has reiterated a 'accumulate' call on the counter with the target raised to Rs 805. The brokerage pointed out that the company's subsidiary (JLR) 4Q Ebit margin 10.7 per cent was in line & up 160bps QoQ. CV business Ebitda margin, including the PLI benefit, came in at 12.2 per cent.

India PVs reported Ebitda margin of 7.9 per cent, up 60bps YoY, led by better product mix & accrual of PLI incentives.

 JLR delivered on its FY25 guidance with Ebit margin at 8.5 per cent, being net cash positive (£0.3bn), and FCF generation of £1.5bn.  JLR is cautious on demand in FY26 due to tariff & different macro-economic conditions, it added.

Furthermore, Goldman Sachs has raised the target to Rs 690, while Macquarie has maintained outperform with the target at Rs 826 per share.

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