Tata Motors is expected to report a net profit of between 3,100-3,204 crore for Q4 2022, an average estimate by five brokerages shows. Revenue from operations is expected to increase by up to 34% to 1.06 lakh crore. Tata Motors has reported volume growth of 3% during Q4, led by the passenger vehicles segment. JLR volumes rose 24% in the same period as chip supply and traction toward new models continued. Nomura expects EBITDA margins to improve 213bps YoY and 255bps QoQ to 13.4%.
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