JLR 2Q wholesales down 10% YoY due to supply constraints

Company
08 Oct 2024
5 Min read 
  • Tata Motors BSE SENSEX S&P CNX CMP: INR 928 TP: INR 990 (+7%) Neutral
  •  Financials Snapshot: Net Sales, EBITDA, Adj. PAT, EPS Gr. (%), BV/Sh.
  •  Stock s Performance: JLR 2Q wholesales down 10% YoY due to supply constraints
  •  JLR expects a strong pickup of both production and wholesale volumes in H2FY25
  •  Valuation and view: JLR margins to remain under pressure over FY24 -FY26
  •  Based on the above 2Q wholesale volumes for JLR, 2QFY25 revenue/EBITDA/PAT estimates
  •  Sum -of-the-parts valuation: Valuation Parameter Multiple (x) FY25E FY26E FY27E EBITDA SOTP Value
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