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Last Updated : Oct 10, 2019 01:25 PM IST | Source: Moneycontrol.com

Ashok Leyland Q2 PAT may dip 81% YoY to Rs. 87.5 cr: ICICI Direct

Net Sales are expected to decrease by 54.1 percent Y-o-Y (down 38.5 percent Q-o-Q) to Rs. 3,493.6 crore, according to ICICI Direct.

 
 
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ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Ashok Leyland to report net profit at Rs. 87.5 crore down 81% year-on-year (down 62% quarter-on-quarter).


Net Sales are expected to decrease by 54.1 percent Y-o-Y (down 38.5 percent Q-o-Q) to Rs. 3,493.6 crore, according to ICICI Direct.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 67.4 percent Y-o-Y (down 51 percent Q-o-Q) to Rs. 262.9 crore.


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First Published on Oct 10, 2019 01:25 pm
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