• SENSEX
    NIFTY 50
VIDEOS
Earnings

Ashok Leyland Q2 Earnings: Profit likely to fall by 90%

Updated : November 08, 2019 10:30 AM IST

Auto major Ashok Leyland will announce its second-quarter results today and being a commercial vehicle player, the losses are going to look very large. Here's what to expect:

  • The revenues are likely to be down 49 percent while the profit could go down by 90 percent.

  • In the second quarter in a row, the company will report single-digit margins. In fact, margins are expected to be at a multiyear low.

  • Margins are likely to be at 5.7 percent versus 10.9 percent the same time last year and about 7 percent last quarter.

  • Realizations will also fall because of higher discounts and the operating deleveraging of the company.

  • In terms of overall sentiment, the management has indicated that there will be no recovery until the second half of the fiscal.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV