Ashok Leyland Q1 revenues seen up 22% to Rs 3036 cr

Ashok Leyland , country's second largest commercial vehicle manufacturer, will announce its results for the quarter ended June 2012. Analysts on an average expect profit after tax to be at Rs 84 crore in the first quarter results of FY13 as against Rs 86.2 crore in a year ago period.

Revenues are seen going up by 21.6% YoY to Rs 3,036 crore and earnings before interest, tax, depreciation and amortisation seen up by 8.6% to Rs 265 crore during the same period.

Operating profit margin is likely to decline by 110 basis points year-on-year to 8.7% in the quarter ended June 2012.

Volume growth in Q1

Total sales rose by 28.9% YoY to 27,578 units, which performed better than industry. Tata Motors' commercial vehicle sales grew by only 0.5% while total sales went down 2% YoY.