Auto company Ashok Leyland will announce its quarterly earnings on Thursday. A weak quarter is expected on all parameters as the volumes have been quite weak for the company. The stock has been in a bear market, halving in the last 12 months.
Here are the key things to watch out for:
- The total volumes this quarter have fallen by 6 percent year-on-year (YoY) and almost 16 percent on a quarter-on-quarter (QoQ) basis.
- A sharp fall is seen in the medium and heavy commercial volumes, falling almost 17 percent on a YoY basis.
- The margins are expected to fall to about 8.9 percent.
- While the profits will go down by about 30 percent odd.