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The Chennai-based company on Tuesday reported a much wider-than-expected net loss of Rs 142 crore, compared with a profit of Rs 67 crore in the year ago quarter. Its revenue in the April-June quarter declined 22 percent year-on-year to Rs 2,364 crore. Operating margins hit a low of 1 percent.
Ashok Leyland's medium & heavy truck sales have seen sluggish growth for over a year now and chairman Dheeraj Hinduja doesn‘t expect a recovery in medium and heavy commercial vehicles (MHCV) cycle for the rest of 2013.
The Chennai-based bus and truck maker's net sales are seen down 21 percent year-on-year to Rs 2,371 crore, while operating margin may fall to 4.3 percent from 8 percent.
Angel Broking expect the Sensex as well as their coverage companies to report a muted revenue performance. The research firm expects Sensex companies to report a 2.4% yoy growth in revenues. For their coverage universe, they expect growth in revenues to come in at 4.1% yoy.
Ashok Leyland, India's second largest bus and truck maker, reports earnings later on Friday. According to a CNBC-TV18 poll, net profit is seen down 45 percent YoY, while sales are likely to fall 10 percent.
Kotak Securities has come with its March`13 quarterly earning estimates for auto sector. According to the research firm, M&HCV segment continues to bore the maximum brunt of the current economic slowdown.
Angel Broking has come with its March`13 quarterly earning estimates for auto and auto ancillary sector. The research firm continues to prefer stocks that have strong fundamentals, high exposure to rural and export markets and command superior pricing power.
In an interview to CNBC-TV18, Mehraboon Irani of Nirmal Bang Securities highlights his hits and misses for the quarter ending December. While he lists Amara Raja and Spicejet as hits, Ashok Leyland and dish TV could not attract him.
Ashok Leyland plans to divest its stake in some companies like Albonair GmbH, which it considers as non-core investments, to reduce its high borrowing levels, K Sridharan, CFO said on Thursday.
Ashok Leyland shares tripped over 4 percent on Friday morning after it reported third quarter results much below street expectations.
Dolat Capital has come with its December`12 quarterly earning estimates for auto sector. According to research firm, demand for petrol vehicles continues to be under pressure despite heavy discounts.
Motilal Oswal has come with its December`12 quarterly earning estimates for auto sector. According to the research firm, demand improves with festive season, but MHCVs remain under stress.
Angel Broking has come with its December`12 quarterly earning estimates for auto sector. The research firm expects UV sales to sustain the growth momentum leading to a 10-12% volume CAGR in PV sales over FY2012-14.
Shares of India's second largest truck and bus maker Ashok Leyland accelerated more than 5 percent on Friday on the back of better-than-expected results for the second quarter.
Managing director Vinod Dasari said, while it may be difficult, they will be able to maintain margins over 10%.
Country's second largest commercial vehicle maker Ashok Leyland's profit after tax is likely to go down by 45 percent year-on-year to Rs 84.2 crore in the second quarter of current financial year, impacted by higher depreciation and interest costs.
Dolat Capital has come with its September`12 quarterly earning estimates for auto sector. The research firm expects demand for UV segment to be robust. Due to production disruption, Maruti‘s 2QFY13 will disappoint, M&M continues to report strong numbers.
Angel Broking has come with its September`12 quarterly earning estimates for auto sector. The research firm prefers stocks that have strong fundamentals, high exposure to rural and exports markets and commanding superior pricing power.
Emkay Global Financial Services has come with its September`12 quarterly earning estimates for auto and auto ancillaries sector. The research firms maintains neutral stance on the sector and believe auto ancillaries are a better investment theme at this point than OEMs.
KRChoksey has come with its September quarterly earning estimates for auto sector. According to the research firm, it was a mixed quarter for the overall Auto industry with higher crude prices & higher interest rates playing as the spoil sport.
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.
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.
Dolat Capital has come with its June quarterly earning estimates for auto sector. The research firm expects margin improvement QoQ for Maruti and M&M.
Angel Broking has come out with its June quarterly earning estimates for automobile sector. The research firm expects Apollo Tyres (APTY) to outperform the overall sector's earnings growth in 1QFY2013 primarily on account of receding cost pressures, leading to strong margin expansion.
Emkay Global Financial Services has come out with its June quarterly earning estimates for automobiles sector. The research firm expects adjusted EBIDTA margins to decline by 90bps YoY and 70bps QoQ to 11.7%.