Showing posts with label TATA MOTORS. Show all posts
Showing posts with label TATA MOTORS. Show all posts

Monday, November 18, 2013

NEWS TODAY - RIL IS SHY OF OIL & GAS - INFRA PROJECTS NO PROGRESS - PAK TV AIRS INDIAN CONTENT - TATA MOTORS INDIAN BUSINESS WHAT IS WRONG - CHINESE BALLOONS EVERYWHERE - PROTECTING SHOWS, MODI IS PM MATERIAL

NEWS TODAY


RIL BOARD  BACKS TELECOM, WARY OF OIL & GAS

RIL feels it has sunk too much money in oil and gas but the returns are shrinking. The oil and Gas below the earth are shrinking for some reason and Government is not being an understanding partner. Therefore, at RIL, the future belongs more to Telecom and to Petrochemicals - not to oil and gas production.

This is bound to be so. Government Of India must understand its priorities and encourage efficient private players to come out of their Blues and go energetically for oil and Gas exploration. The onus is the Government. But, Babus at the helm and other powers that be are not seen to be understanding the problems involved in Oil and gas exploration, but doubting the Company's claims a little too much. So, investments in oil and gas are to come down. The one left out is CAIRN now. I feel, Government should give both RIL and CAIRN a free hand to explore and FIND our oil and Gas reserves first. Any quarrels on sharing can come later. That much encouragement is not forthcoming from government and therefore, the country's energy effort is languishing.


PET INFRA PROJECTS PENDING,GOVT LIKELY TO MISS TARGET :

There is hardly any progress in 5 out of 9 projects identified by Planning commission  in consultation with PMO. Most of these projects are unlikely to happen this year, though slated for it initially.Well. the easiest thing should be to clear the projects and targets from your tables - and allow the nitty gitty to be worked out by people down below.Now, if something is not happening according to target, someone in government must be asking why, get the answer and sort out the difficulties. Project Management is not an art any more. It is a precise science. You can anticipate up to 99 percent of the problems and sort them out well in advance - or soon after their discovery. But, in India, trains move, planes move(even with open doors), but not files.

PAK TV CHANNELS FINED FOR INDIAN CONTENT :

Indian TV channels do not air PAK CONTENT. Had they done it, we all would have shut our TV channels any way. Our children would be studying their books better and passed exams with more Marks. But, if Pak does not show Indian content, how will Pakistanis ever know, that India does not bother much about Pak , as Pak bothers about India and bothers India. India wakes up to Pakistan, only when it bothers India - almost always in a negative way. If an Odd singer or so chooses to come to India and sing of Pakistan, Shiv Sena is there to protest and block. So, all Pak content goes off the air.

AT TATA MOTORS, INDIAN BUSINESS GOES FROM BAD TO WORSE :

TATA Motors' Indian Business is in a mess. I think, unnecessarily so. 

TATA Motors is said to be launching new Models. new, modern car platforms in 2015 to enable faster and cheaper new models, not just variants of existing ones. It also states that it is making and emergency markets push - into Australia, Indonesia and Malaysia  and expanded in South Aftica and Thailand.

But, none of these explain why TATA MOTORS is failing in India. KARL SLYM  may be right about the New car platform to come in 2015.  But, that does not explain why he is not selling existing products more aggressively and competing with the likes of Maruti. Karl Slym has to find out why the car buyers in India are preferring other Models over  TATA models. It may be a small slip that TATA may be overlooking - like, the finishing touch in interiors and exteriors. Probably Nothing more than that.


AND, NOW CHINA PRICKS INDIA'S BALLOON ECONOMY :

India's balloon makers are folding up. Thanks to extravagant taxes on inputs and low priced imported Chinese Balloons. Can't we compete with the Chinese even in Balloon making and selling.  Government must be knowing - but, if it doesn't, at least it should act when Media tells it. Here is a sector which is folding up due to Government apathy. Is Government listening? Act fast and save Indian Balloons. Probably lakhs of Indian employment and crores of Indian investment is going up in the air with the Chinese balloons. 

There are many other sectors where cheap Chinese Imports are hurting Indian employment and Indian Investment. Government must act to save these - the Indian employment and Indian investment. If a skill upgradation and Technology upgradation is needed, that also must take place. Ideally, I would prefer Government reversing the trend in 2 years - seeing Indian Balloons dominating all over the world. You need High Goals - to achieve them. If you don't have High Goals - You have no goals.

PROTECTING - IS STALKING?

A Father asked his family friend, who happens to be the CM, to take care of his daughter. he has some fatherly apprehensions. The CM may have told the HM  the same thing - to adequately protect and see no harm comes to the woman, who is like a daughter to him. Any father will do it.Any one who feels like a father will do it too.

But there is a difference between Modi's administration and others. If Modi says, the administrative machinery moves, and ensures what he wants. Not so with Dr.Manmohan Singh, whom I do respect, for his astuteness and goodness. But, no one moves when Dr.Singh asks or orders. You can see another news item how projects are pending. In Modi's land, that is not the way things happen. from Constable to the top, upto HM level all have risen to the task - and have ensured her protection, without any irksomeness to the lady in question. that is how, a Government should run. I find Just nothing wrong in it. I find everything wrong in no one listening to Dr.Singh and failing him all the way.

Now, some web sites do the snooping at all levels, get some half baked material and put it viral. Some Politicos and some media start discussing how the woman's rights are enraged. Had she been really harmed what would the same Politicos and Media would have said? If Modi does a thing or doesn't do it, either way, these worthies will criticize him. But, if Mr. Singh fails to get all projects off the ground and nation is suffering - there is no problem for these worthies.

But, that is beside the point. Neither the father nor the daughter are complaining. The politicos field all women to - finally drag the woman out of her privacy and probably abuse all of them. The first right of that woman, I agree, is her PRIVACY. None in Modi government have harmed her privacy. They have protected her from - problems the father knows. Probably, problems, which the daughter also understands now. Young Women do not understand such problems immediately - as all fathers know. Allow fathers to take care of their daughters. You are only trying to defame both of them.

If whole establishment moved with one word of Modi - and he may not be knowing all the nitty gritty, it show very clearly, MODI IS PRIME MINISTERIAL MATERIAL. 

He achieves. Make Dr. Singh also like that. We will like him then. We want achievers. By the way, I think, Modi or shah are not the stalkers - but his detractors surely are becoming so.

Now, I have a premonition. Knowingly or unknowingly, this obscure woman is becoming a Politician. If BJP puts her up as an MP candidate against her detractors, she doesn't national or state or local issues to win. This stalking now going on by Modi's detractors is enough to make her an MP with a land slide majority. All sympathy will be with her. Naturally.

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Tuesday, August 14, 2012

TATA MOTORS LIMITED - FIRST QUARTER RESULTS - Q1 FY 2013 - NET REVENUES UP 30%; PBT UP 36%; CONS NPT UP 12% YoY


TATA MOTORS LIMITED

FIRST QUARTER RESULTS
Q1 FY 2013

Consolidated Financial Results
for the quarter ended June 30, 2012
HIGH LIGHTS

Consolidated Net Revenue grows by 30% to Rs.43,324 crores 
Consolidated PBT grows by 36% to Rs 3,183 crores
JLR declares maiden dividend post acquisition, of GBP 150 million in August, 2012
DETAILS

Tata Motors has reported consolidated revenues (net of excise) of Rs.43,324 crores for the quarter ended June 30, 2012, posting a growth of 30.1% over Rs.33,289 crores in Q/E June,2011, on the back of strong growth in volumes of new products and favorable market mix at Jaguar Land Rover (JLR).

The Consolidated Profit before Exceptional item and Tax was Rs.3,623 crores, posting a growth of 50.8% over Rs.2,403 crores in Q/E June,2011.

The Consolidated Profit before Tax (PBT) for the quarter was Rs.3,183 crores, compared to Rs.2,346 crores in Q/E June,2011.

The Consolidated Profit (after tax and post minority interest and profit in respect of associate companies) for the quarter was Rs.2,245 crores, as compared to Rs.2,000 crores in Q/E June,2011. JLR tax expense for the quarter ended June 30, 2011, was lower consequent to utilization of past tax losses.

The Consolidated Profit for the quarter ended June 30, 2012, was impacted by Exceptional items of Rs.441 crores (loss of Rs.57 crores in Q/E June,2011) on account of exchange loss (net) including on revaluation of foreign currency borrowings, deposits and loans arising from the depreciation of Indian Rupee (INR).

CONSOLIDATED RESULTS TABLE

ITEM
Q1FY13
QoQ%dif
Q4FY12
YoY5dif
Q1FY12
FY12
Sales
44,176.85
-15.34
52,178.83
29.70
34,060.59
169,877.61
Less ED
1,005.72
-35.95
1,570.19
5.59
952.47
5,023.09
NetSales
43,171.13
-14.70
50,608.64
30.39
33,108.12
164,854.52
OtherOPTG Income
152.48
-49.05
299.26
-15.61
180.68
799.97
Total Income
43,323.61
-14.90
50,907.90
30.14
33,288.80
165,654.49
EXPENSES
Cost Of Materials
26,797.51
-11.30
30,211.57
31.39
20,394.98
100,797.44
PurchaseOf ProductsForSale
2,913.90
0.14
2,909.69
12.36
2,593.44
11,205.86
ChangesIn FG/WIP/SIT
-1,962.03
-806.07
277.88
86.29
-1,053.20
-2,535.72
EmployeeBenefits
3,789.69
4.31
3,633.21
46.18
2,592.45
12,298.45
Depreciation
1,565.87
1.98
1,535.40
36.97
1,143.22
5,625.38
ProductDevlopment
479.72
10.38
434.6
112.39
225.87
1,389.23
OtherExpenses
8,159.42
-9.58
9,024.09
36.00
5,999.50
28,453.97
AmtCapitalised
-2,609.48
12.11
-2,327.62
53.49
-1,700.08
-8,265.98
Total Expenses
39,134.60
-14.36
45,698.82
29.60
30,196.18
148,968.63
ProfitFrom Operations
4,189.01
-19.58
5,209.08
35.45
3,092.62
16,685.86
otherIncome
238.6
50.46
158.58
43.92
165.79
661.77
Finance costs
804.39
4.18
772.09
-5.99
855.61
2,982.22
ExceptionalItems
ExchangeLoss
440.53
-7,228.32
-6.18
673.00
56.99
654.11
ProfitBefore Tax
3,182.69
-28.06
4,424.32
35.68
2,345.81
13,533.87
Tax
868.82
-147.58
-1,826.08
146.89
351.91
-40.04
NetProfit
2,313.87
-62.98
6,250.40
16.05
1,993.90
13,573.91
Cons.NPT
2,244.91
-63.99
6,234.00
12.27
1,999.62
13,516.50
Paid-upEquity(FV.Rs.2)
637.98
0.51
634.75
0.51
634.75
634.75
EPS
Ordinary
Basic
7.04
-64.14
19.63
11.92
6.29
42.58
Diluted
7.04
-62.45
18.75
16.94
6.02
40.71
A'Ordinaryshares
Basic
7.14
-63.81
19.73
11.74
6.39
42.68
Diluted
7.14
-62.12
18.85
16.67
6.12
40.81
PARTICULARS Of shareholding
PublicShareholding
OrdinaryShares
Percentage
48.81%
-0.39
49.00%
6.62
45.78%
49.00%
A'Ordinary Shares
Percentage
97.96%
1.89
96.14%
7.84
90.84%
96.14%

Tata Motors Stand-alone Financial Results

for the quarter ended June 30, 2012

Tata Motors standalone revenues (net of excise) were for the quarter ended June 30, 2012 of Rs.10,586 crores as compared to Rs.11,624 crores in Q/E June,2011. Weak macroeconomic parameters, excise duty increases and poor availability of freight, resulted in pressure on volumes in the MHCV segment. Further, competitive pressures on pricing in certain commercial and passenger vehicle segments and lower volumes, impacted the operating margins.

Operating margin was 7.3% for the quarter ended June 30, 2012, as compared to 8.8% IN Q/E June,2011. The Operating Profit (EBITDA) stood at Rs.774 crores in the quarter ended June 30, 2012, as compared to Rs.1,020 crores in the corresponding period last year.

The PBT for the quarter ended June 30, 2012 is Rs.237 crores as compared to Rs.466 crores in Q/E June,2011.

The PAT for the quarter is Rs.205 crores as compared to Rs.401 crores in Q/E June,2011. The PBT and PAT for the quarter ended June 30, 2012, were adversely impacted by exchange loss (net) including on revaluation of foreign currency borrowings, deposits and loans arising from the depreciation of Indian Rupee (INR), of Rs.161 crores (Gain of Rs.2 crores in Q/E June,2011).

Tata Motors' sales (including exports) of commercial and passenger vehicles for the quarter ended June 30, 2012, stood at 190,483 units, representing a decline of 3.6%, as compared to Q/E June,2011.

In the domestic market, the Company's Commercial vehicles sales for the quarter ended June 30, 2012, stood at 114,710 units, a growth of 1.3% over Q/E June,2011. Growth was driven by small commercial vehicles and was supported by improved production through our facilities in Pantnagar and Dharwad. The Company's market share in commercial vehicles was 56.2% for the quarter ended June 30, 2012.

In the domestic market, the Company's Passenger vehicles, including Fiat and Jaguar and Land Rover vehicles distributed in India, stood at 62,619 units for the quarter ended June 30, 2012, a decrease of 9.9% over the corresponding period last year. The Company continues focus on marketing initiatives and network actions and the sales & service process. The market share in Passenger vehicles for quarter ended June 30, 2012, stood at 9.8%.

Jaguar Land Rover PLC - (figures as per IFRS)

Jaguar Land Rover Sales for the quarter ended June 30, 2012, grew 34.4% to 83,452 units. Of this, the Jaguar volumes for the period stood at 11,774 units and Land Rover volumes stood at 71,678 units. Growth in volumes was driven by sales of the new Range Rover Evoque and strong demand from China, which grew 91% year-on-year. Sales from the China region comprised 22.2% of total volumes for the quarter ended June 30, 2012, as against 15.7% for Q/E June,2011.

Revenues for the quarter ended June 30, 2012 of GBP 3,638 million, represented a growth of 34.6% over GBP 2,703 million in Q/E June,2011. Operating margins for the quarter ended June 30, 2012, stood at 14.5% and an Operating Profit (EBITDA) of GBP 527 million in the quarter, a growth of 45.6% over GBP 362 million in the corresponding quarter last year. Continued strong revenue and operating profit performance were supported by demand for new products, improved market mix, and favourable exchange rate environment. The PBT for the quarter is GBP 333 million (GBP 251 million in the corresponding quarter last year) and the PAT for the quarter is GBP 236 million (GBP 220 million in the corresponding quarter last year).

In August 2012, JLR declared a dividend of GBP 150 million (equivalent to Rs 1,290 crores).

Tata Daewoo

Tata Daewoo Commercial Vehicles Co. Ltd. registered net revenues of KRW 217 billion and recorded a Net profit of KRW 3 billion in the quarter ended June 30, 2012.

Tata Motors Finance

Tata Motors Finance Ltd, the Company's captive financing subsidiary, registered net revenue from operations of Rs.623 crores and reported a Profit After Tax of Rs.73 crores the quarter ended June 30, 2012.

NEWS OF IMPORTANCE :


TATA MOTORS has appointed Karl Slym as its managing director. 

Slym was with US auto maker General Motors for 17 years and is currently executive vice president and board member of China's SGMW Motors, a joint venture between GM's China unit, SAIC Motor and Liuzhou Wuling Motors. Before that he was President and MD of GM India.

Slym will lead all operations of Tata Motors in India and international markets including South Korea, Thailand, Spain, Indonesia, and South Africa, it said.

However, the company's British luxury Jaguar and Land Rover unit will continue to be managed separately. Ralf Speth is the CEO of JLR.

Slym is expected to take over his responsibilities at Tata Motors from Oct 1.

This appointment appears to be a Very Good selection - and  the new incumbent can be expected to lead TATA MOTORS to great Srengths.

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