Edelweiss has come out with its second quarter (July-September) earnings estimates for the Automobiles sector. The brokerage house expects Ashok Leyland to report net profit at Rs. 427 crore up 47.4% year-on-year (up 249.6% quarter-on-quarter).
Net Sales are expected to increase by 39.1 percent Y-o-Y (up 51.8 percent Q-o-Q) to Rs. 6430.9 crore, according to Edelweiss.
Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to rise by 37.9 percent Y-o-Y (up 141.6 percent Q-o-Q) to Rs. 739.5 crore.
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