The market is eyeing the results coming tomorrow. Tomorrow Jubilant Foods, Bharat Forge, Siemens, Ashok Leyland will result in results of 7 companies in the Samant futures market. Ashok Leyland’s profit may increase by 15% although pressure on sales and margin is possible. So let’s take a look at the quarterly results?
The company’s profit in Q3 is likely to fall by 15 per cent and it stood at Rs 9114 crore. Whereas Ebitda can fall 2 percent to reach Rs 1086 crore. However, 1.70 percent pressure in sales is possible. The truck segment is under pressure, good growth in the bus segment is possible. The margin is expected to remain stable due to steel prices decreasing. M&A was a mixed demand from HCV segment.
Where will be an eye
Demand Outlook, MHCV Market Share, LCV Market Share & Outlook and M & HCV & LCV export demand will be an eye on the market.
According to the CNBC-TV18 poll, the conso income in Q3 rose 56% to Rs 2153 crore. Conso income included the acquisition of DP Eurasia. In Q3, standalone income rose 19% to `1611 crore rupees. In Q3, the company’s standalone profit rose by 25 per cent to Rs 76 crore while the margin declined from 20.9% to 20%. At the same time, Ebitda saw a 14 percent increase on an annual basis. Let us know that LFL growth in Q3 was 12.5%.
Where will be an eye
There will be a market eye on LFL growth in dine-in, effect of beverages portfolio and growth in Popeyes.
In the Q3, the increase in defense order is possible to support income. Domestic and exports CV trading declines is possible. The standalone margin is expected to remain stable. In the third quarter, the company’s standalone revenue can increase by 2 per cent to Rs 373 crore on an annual basis, while the profits are also possible to jump by 2 per cent and it can be at Rs 2307 crore.
In the third quarter, the company’s profit increased by 24 per cent in the third quarter on the year -on -year basis and increased from Rs 506 crore to Rs 629 crore, while Revenue is possible to jump by 15.61%. At the same time, a 29 percent jump in Ebitda is possible and it can be at Rs 766 crore. However, a 138.71 basis point jump is possible in Ebitda Margins.
What are the expectations?
Revenue can be supported by strong order books and bodybuilders. Changes in mix are possible to increase margin. Margin trends, Execution, locomotive orders demand will be monitored.
Where will the eye be seen?
The market will keep an eye on the demand outlook from the government and private sector. Export Outlook will also be monitored.