Ashok Leyland Q1 PAT may dip 91.8% to Rs 75.8 cr: Edelweiss


Jul 11, 2017 06:17 PM IST | Source: Moneycontrol.com

Net Sales are expected to decrease by 46.5 percent Q-o-Q (down 16.8 percent Y-o-Y) to Rs 3543.4 crore, according to Edelweiss. Ashok Leyland to report net profit at 75.8 crore down 91.8% quarter-on-quarter.

Ashok Leyland Q1 PAT may dip 91.8% to Rs 75.8 cr: Edelweiss

Edelweiss has come out with its first quarter (April-June) earnings estimates for the Automobiles sector. The brokerage house expects Ashok Leyland to report net profit at 75.8 crore down 91.8% quarter-on-quarter.

Net Sales are expected to decrease by 46.5 percent Q-o-Q (down 16.8 percent Y-o-Y) to Rs 3543.4 crore, according to Edelweiss.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 70.9 percent Q-o-Q (down 55.4 percent Y-o-Y) to Rs 212.6 crore.

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