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Revenue is seen rising 13 percent to Rs 4,340 crore and operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) may grow 15.6 percent to Rs 450 crore compared with year-ago period.
Sales are expected to decrease by 25.6 percent Q-o-Q (up 15.3 percent Y-o-Y) to Rs 4430.1 crore, according to Motilal Oswal.
In an interview with CNBC-TV18, Gopal Mahadevan, CFO of Ashok Leyland, said that the company will not raise any funds in FY17 and will only take enabling resolutions to raise funds.
Profit is likely to surge 82 percent to Rs 420 crore and revenue to increase 31 percent to Rs 5,932 crore compared to year-ago period, according to average of estimates of analysts polled by CNBC-TV18. Earnings will be announced on May 25.
In an interview with CNBC-TV18, Hitesh Goel, Senior Analyst at Kotak Institutional Equities, talked about his earnings expectations from Ashok Leyland and Tata Motors.
In Q3 EBITDA may grow 87 percent at Rs 450 crore versus Rs 240 crore while operating profit margin (OPM) may stand at 10.4 percent versus 7.1 percent (YoY).
The company has a strong export pipeline and see exports grow in the fourth quarter, said Gopal Mahadevan CFO, Ashok Leyland.
According to analysts polled by CNBC-TV18, revenue for July-September quarter is seen rising 61 percent to Rs 5,206 crore compared to year-ago period led by volume growth.
TT Srinivasaraghavan, MD, Sundaram Finance says the infrastructure story is yet to unfold. Only with an overall pick up in economy will the consumer goods business profit.
Revenue is seen rising 50 percent to Rs 3,724 crore from Rs 2,477.8 crore during the same period, driven by strong sales volume growth. In Q1, sales volume increased 41 percent year-on-year to 28,190 units led by strong demand for heavy trucks.
If we are successful in retaining our market share which we will strive to do we should be also be able to grow at 10-15 percent, said Vinod Dasari, MD, Ashok Leyland.
Analysts are expecting a very strong quarter led by massive rebound in the industry by medium and heavy commercial vehicles (MHCV) volumes rising 40 percent Y-o-Y. During the quarter, total volume growth is likely to be 32 percent Y-o-Y at 34155 versus 26043 units.
In an interview to CNBC-TV18, Prayesh Jain of IIFL shares his reaction on Ashok Leyland's Q3 earnings and his outlook on the performance of the company.
Ashok Leyland, the second largest commercial vehicle maker in India, is expected to turn profitable during October-December quarter. According to the average of estimates of analysts polled by CNBC-TV18, profit is likely to be at Rs 35.8 crore in the quarter as against net loss of Rs 167.2 crore in the year-ago period.
Vinod Dasari, MD, Ashok Leyland said that the company might see double-digit margins in Q4 if volumes come back.
In an interview to CNBC-TV18, Surendar Singh, MD, GS Auto International, discusses the company‘s earnings and business outlook.
Nischal Maheshwari, Head of Research, Edelweiss Securities is positive on Allahabad Bank and OBC from the banking pack and sees them performing well in the future.
Prakash Diwan is bullish on Escorts despite lower-than-expected Q2 earnings due to possibility of increase in sales from its constriction equipment segment which is a huge area of margin growth for the company.
Discussing the results, Gopal Mahadevan, CFO of Ashok Leyland, said that going forward while the company would endeavour to maintain margins at current levels, lot will depend on the product mix.
Multi-utility van Dost did a very good job of securing the company‘s first foothold and now every year the company plans to see ways to further expand its portfolio and presence in the LCV segment, V Sumantaran, vice-chairman, Ashok Leyland says.
Basudeb Banerjee of Quant Broking shares his views on Ashok Leyland numbers and the key takeaways from the company's conference call.
With this, the company has now reported a net loss of Rs 334 crore on sales of Rs 6715 crore for the 9-month period till December.
According to CNBC-TV18 poll, the company is expected to post a net loss of Rs 170 crore during December quarter as against profit of Rs 74.2 crore in a year ago period. Revenues may decline 19 percent year-on-year to Rs 1,935 crore in the quarter gone by.
Speaking at the company's conference call, Vinod K Dasari, managing director, Ashok Leyland says the CV industry continues to be under pressure. He says there has been a reduction of 25 percent in volumes in first half of the year for the overall industry.
Ashok Leyland is expected to report a net loss of Rs 112 crore in three-month period ended September 2013 as against profit of Rs 142.6 crore in corresponding quarter of last fiscal and revenues may fall 21 percent year-on-year to Rs 2,592 crore.