Earnings Call Transcript Analysis Report #
Tata Motors Q4 FY25 Earnings Call Analysis #
Financial Performance #
Group Level Q4 FY25 #
- Revenue: ₹1,19,000 crores
- EBITDA: ₹16,700 crores
- Auto Free Cash Flow (FCF): ₹19,400 crores
- PBT (before exceptional item): Highest ever for the financial year.
- Net Cash: ₹1,000 crores (down from peak net debt of ~₹60,000 crores; FY23 net debt was ₹43,000 crores).
Group Level FY25 #
- Revenue: Record high (approx. ₹4,70,000 crores)
- EBITDA: Almost record high, approx. ₹57,000 crores
- PBT: Record high, ₹34,000 crores
- Investment: Highest ever, ₹48,000 crores
- FCF: Approx. ₹22,000 crores
- ROCE: 17.6%
- PLI Benefit: ~₹500 crores for the year (₹385 crores in FY25).
Jaguar Land Rover (JLR) #
- Q4 EBIT: 10.7%; FY25 EBIT: 8.5% (aligned with guidance).
- Q4 PBT: GBP 875 million (highest in 9 years); FY25 PBT: GBP 2.5 billion.
- Q4 Cash Flow: GBP 1.35 billion; Year-end Net Cash: GBP 278 million.
- EBITDA: Fell 1% Q-o-Q and 1.6% Y-o-Y.
- Wholesales: Flat for Q4 (110k-111k units) and FY25 (401k units).
Commercial Vehicles (CV) #
- Q4 EBITDA: 12.2%
- Q4 EBIT: 9.7%