Motilal Oswal
    NIFTY 50
Motilal Oswal

Ashok Leyland Q3 results: Profit likely to fall about 30%

Updated : February 14, 2019 11:07 AM IST

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.
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