Ashok Leyland, the second largest commercial vehicle maker in India, is expected to turn profitable during October-December quarter. According to the average of estimates of analysts polled by CNBC-TV18, profit is likely to be at Rs 35.8 crore in the quarter as against net loss of Rs 167.2 crore in the year-ago period.
Ashok Leyland , the second largest commercial vehicle maker in India, is expected to turn profitable during October-December quarter. According to the average of estimates of analysts polled by CNBC-TV18, profit is likely to be at Rs 35.8 crore in the quarter as against net loss of Rs 167.2 crore in the year-ago period. However, the bottomline may be impacted by higher interest and depreciation costs. Revenue may spike 63 percent to Rs 3,195 crore in Q3FY15 from Rs 1,953.2 crore in same quarter last fiscal, driven by strong sales volume growth.
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Total volumes of the company grew 38 percent year-on-year to 25,397 units led by medium and heavy commercial vehicle (MHCV) sales. MHCV volumes saw a solid 70 percent growth while light commercial vehicle sales declined 8 percent Y-o-Y. Analysts expect price hikes and moderation in discounts to aid revenue and margins during the quarter.
Operating profit is estimated at Rs 223.2 crore during the quarter against loss at operating level of Rs 96 crore in the year-ago period. Analysts expect operating profit margin at 7 percent for the quarter.
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