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Ashok Leyland's net sales increased 11% to Rs 4,236 crore for fourth quarter of FY12 from Rs 3,813 crore year-on-year.
Commercial vehicle maker Ashok Leyland is expected to report a fall of 6% year-on-year in its profit after tax of Rs 280 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.
Commercial vehicle maker Ashok Leyland is expected to report a fall of 6% year-on-year in its profit after tax of Rs 280 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.
Its been a mixed road for commercial vehicle makers in the last one year. While sales of light commercial vehicles accelerated, medium and heavy trucks hit speed bumps due to slowdown in industrial actuvity and expensive loans. How was the drive in the fourth quarter?
Fourth quarter revenues of auto companies could grow 30% year-on-year on an average, much of it driven by a surge in passenger car sales. On the whole, FY11 was not great year for passenger car makers, though two-wheeler firms and commercial vehicle makers did much better.
Angel Broking has come with its March quarterly earning estimates for automobile and auto ancillary sector. The research firm expects auto ancillary cos to report moderate net profit growth.
Emkay Global Financial Services has come with its quarterly earning estimates on automobiles sector for March 2012. The research firm believes budget has raised red flags which can delay the cyclical recovery in demand for 4 wheelers. We maintain our preference for 2 wheelers.
Ashok Leyland, the second largest commercial vehicle manufacturer, has reported a less than expected growth of 54.4% year-on-year in net profit of Rs 67 crore for October-December quarter of FY12.
Ashok Leyland, the second largest commercial vehicle maker, is likely to report a profit after tax of Rs 121 crore in the third quarter of FY12 versus Rs 43.3 crore in a year ago quarter.
Ashok Leyland, the second largest commercial vehicle maker, is likely to report a profit after tax of Rs 121 crore in the third quarter of FY12, falling 21.4% QoQ.
The road so far this fiscal has been full of speed bumps for passenger car makers. But good growth among two-wheelers and light commercial vehicles is expected to drive automobile sector's revenue up 20-22% from a year ago in the third quarter.
Emkay Global Financial Services has come with its December quarterly earning estimates for automobiles sector. According to the research firm adjusted EBIDTA margins to decline by 100bps YoY but expand 20bps QoQ to 12.3%. Tata Motors and Bajaj Auto top picks in auto space.
PINC Research has come with its quarterly earning estimates for automobiles sector.
Hinduja group company Ashok Leyland expects its sales volumes will pick up in the second half of the current fiscal year, helped by increase in sales of light commercial vehicles built in joint venture with Japanese Nissan Motor and a likely pickup in south India.
Ashok Leyland is likely to report a profit after tax of Rs 162 crore in the second quarter of FY12, a fall of 3% as compared to Rs 167 crore in the corresponding quarter of last fiscal.
Emkay Global Financial Services has come out with its earning estimates on automobiles sector for the quarter ended September 2011. According to the research firm, Ashok Leyland September quarter net sales are expected to go up by 12.9% at Rs 3064.1 crore, year-on-year, (YoY) basis.
KRChoksey has come out with its earning estimates on automobiles sector for the quarter ended September 2011. According to the research firm, Ashok Leyland September quarter net sales are expected to go down by 4% at Rs 2249 crore, year-on-year, (YoY) basis.
After a scorching 30% growth in 2010-11, auto sales have been battling headwinds in the form of costly loans, costly fuel and costly raw materials, this financial year. Two-wheelers, utility vehicles and commercial vehicles are selling well, but passenger car sales have hit a speedbreaker.
Angel Broking has come out with its earning estimates on automobile sector for the quarter ended September 2011. According to the research firm, Ashok Leyland September quarter net sales are expected to go up by 17.3% at Rs 3184 crore, year-on-year (YoY) basis.
Ashok Leyland's first quarter net profit fell 30% from a year ago to Rs 86.25 crore. K Sridharan, chief financial officer of Ashok Leyland said, the company is targeting at 27% market share for FY12.
Commercial vehicle manufacturer Ashok Leyland is expected to report first quarter FY12 profit after tax of Rs 95.3 crore, down 22% as compared to Rs 122.6 crore in a year ago period and down 68% as compared to Rs 298 crore in previous quarter.
Prabhudas Lilladher has come out with its earning estimates on automobile sector for the quarter ended June 2011. According to the research firm, Ashok Leyland June quarter sales are expected to go up by 1.7% at Rs 2387.4crore, year-on-year, (YoY) basis.
Angel Broking has come out with its earning estimates on automobile sector for the quarter ended June 2011. According to the research firm, Ashok Leyland June quarter sales are expected to go up by 6.7% at Rs 2505 crore, year-on-year, (YoY) basis.
KRChoksey has come out with its earning estimates on automobiles sector for the quarter ended June 2011. According to the research firm, Ashok Leyland June quarter net revenues are expected to go down by 4% at Rs 2249 crore, year-on-year, (YoY) basis.
Ashok Leyland is to announce its fourth quarter results. According to CNBC-TV18's estimates, the company's Q4FY11 revenues are seen up 22.5% at Rs 3600 crore versus Rs 2939 crore, year-on-year, YoY.