Visit http://indiaer.blogspot.com/ for complete details Ashok Leyland
Ashok Leyland is slated to announce its 2QFY2011 results. We expect the company’s top
line to grow by a substantial 62.2% yoy to `2,559cr on account of 72% yoy growth in
volumes and marginal increase in realisation. On the operating front, EBITDA margin is
expected to decline by 53bp yoy to 10% on account of increased raw-material cost.
However, the bottom line is expected to surge by 51.7% yoy to `134.4cr. The stock rating
is under review.
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