Ashok Leyland is likely to post net profit at Rs 195 crore in October-December quarter from Rs 32.1 crore in corresponding quarter last fiscal. During the period, revenue is seen increasing 26 percent to Rs 4250 crore against Rs 3361 crore in year-ago period, according to CNBC-TV18 poll.
In Q3 EBITDA may grow 87 percent at Rs 450 crore versus Rs 240 crore while operating profit margin (OPM) may stand at 10.4 percent versus 7.1 percent (YoY).
Volume growth has been robust this quarter as revival in demand for trucks , especially in MHCVs continues. Q3 Total volume was up 21.8 percent at 30984 against 25424 units (YoY). Its market share has risen 600 basis points (bps) to 30 percent.
Analysts polled by CNBC-TV18 feel reduction in discounts will help realisations improve. In Q3 realisation is expected to rise 4 percent to 13.86 lakhs (YoY). Raw material to sales is expected to fall 400 bps to 70.5 percent (YoY).
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