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Earnings

Ashok Leyland Q1FY21 Earnings: Here’s what to expect today

Updated : August 12, 2020 09:20 AM IST

Commercial vehicle company Ashok Leyland is set to release its first-quarter earnings today. A weak set of numbers is expected for the company this quarter.

Factors to watch:
  • Washout quarter expected.
  • The commercial vehicle sector has been the worst hit in the pandemic.
  • Lockdown hit commercial vehicle demand significantly.
  • Q1 volumes at 3,814 units; down 90 percent YoY, 85 percent QoQ.
  • Average selling price to remain flat due to price increase due to BS-VI transition.
  • Expected to report an EBITDA loss and a net loss this quarter.
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