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.
The company's net profit is expected to go down 22.8% at Rs 129 crore on YoY basis.
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