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.
Revenues are seen going up by 3.7% to Rs 2,435 crore from Rs 2,347 crore on year-on-year basis while going down 36% from Rs 3,828 crore on quarter-on-quarter basis.
Operating profit margin is likely to be at 9.3% in first quarter FY12 as against 10% in Q1FY11 and 13.3% in Q4FY11.
Key Expectations
* Ashok Leyland is likely to report weakest earnings in the auto sector and to see highest sequential margin decline due to lower volumes and negative operating leverage.
* Also, this is seasonally a weak quarter for commercial vehicles
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