Net Sales are expected to decrease by 6 percent Y-o-Y (down 33.5 percent Q-o-Q) to Rs. 5,886.5 crore, according to Kotak.
Kotak has come out with its fourth quarter (January-March’ 19) earnings estimates for the Automobiles sector. The brokerage house expects Ashok Leyland to report net profit at Rs. 166.6 crore down 61.8% year-on-year (down 74.8% quarter-on-quarter).
Net Sales are expected to decrease by 6 percent Y-o-Y (down 33.5 percent Q-o-Q) to Rs. 5,886.5 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 40.5 percent Y-o-Y (down 59.4 percent Q-o-Q) to Rs. 399.9 crore.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Read More
