Ashok Leyland Results Earnings Call for Q2FY24
Conference Call with Ashok Leyland Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.10-11-2023
10-11-2023
ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication - Financial Results10-11-2023
Ashok Leyland to infuse 1,200 crore in Switch Mobility; posts strong performance in Q2
The company's revenue, EBITDA and profit in H1FY24 hit an historic high09-11-2023
ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release with Title - Ashok Leyland to invest Rs.1200 cr into Switch Infusion to fund expansion of product portfolio, R&D & Operations09-11-2023
ASHOK LEYLAND LTD. - 500477 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation on loss of share certificates09-11-2023
Q2FY24 Quarterly Result Announced for Ashok Leyland Ltd.
Commercial Vehicles company Ashok Leyland announced Q2FY24 results: Revenue for Q2FY24 at Rs 9,638 crore vis a vis Rs 8,266 crore in Q2FY23 posting a 17% growth over last year. Profit After Tax (PAT) of Rs 561 crore for Q2FY24 grew 181% over Q2FY23. Ashok Leyland's domestic MHCV volume at 29,947 nos. grew by 18% over Q2 last year in line with Industry growth. LCV volumes for Q2FY24 at 16,998 nos. is almost same as Q2FY23 (17,040 nos.). Export volumes for Q2FY24 (MHCV & LCV) at 2,901 nos. was higher by 4% despite multiple sociopolitical challenges across the globe. While the overall MHCV MS is moving in the right direction, there is a significant increase in bus market share making it the No.1 bus manufacturer in India. EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) for the quarter was Rs 1,080 crore (11.2%). vis-a-vis Rs 537 crore (6.5%) in Q2FY23. Net debt at the end of Q2FY24 stood at Rs 1,139 crore with a Debt Equity at 0.1 time. All other businesses posted good growth in the current quarter. The company expanded its MHCV range by launching new products in the Tipper, Tractor, and MAV categories. The focus on expansion of the distribution network continued with the further addition of 47 touch points in the quarter - especially in the Northern and Eastern parts of the country. Dheeraj Hinduja, Executive Chairman, Ashok Leyland, said, "We continue to see strong demand in all segments of trucks and passenger vehicles. The industry continues to post strong growth, on the back of strong macroeconomic factors and we are confident that FY24 will see further growth in the second half as well. Our robust all-round performance exemplifies the technological and cost leadership of Ashok Leyland. While International business globally is challenged owing to the conflicts across the globe, we are intensifying our expansion strategy in our focus markets of the Middle East, Africa, and Asia. The Company continues to build its capabilities in alternative energy and shall be soon coming up with some exciting products and solutions." Shenu Agarwal, MD & CEO, Ashok Leyland, added, "We have grown and grown profitability. The second half of the year appears to have the twin tailwinds of demand growth and softer commodity prices which should improve the profitability of the industry. For Ashok Leyland, this is the 3rd consecutive quarter of double-digit EBITDA. There is tremendous focus on margin enhancement, network expansion, operational efficiency, cost optimization, and deployment of Digital as an enabler for growth and productivity. There is enhanced thrust to grow all non-MHCV businesses as well and we expect to see the benefits of all of this in the coming quarters". Result PDF09-11-2023
ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release with Title - Ashok Leyland''s Q2 Net Profit up 2.8 times to Rs.561 Cr Reports EBITDA of 11.2%09-11-2023
ASHOK LEYLAND LTD. - 500477 - Results For The Quarter And Half Year Ended September 30, 2023
Unaudited financial results for the quarter and half year ended September 30, 202309-11-2023
Ashok Leyland Share Price Live blog for 09 Nov 2023
Ashok Leyland stock price went up today, 09 Nov 2023, by 2.81 %. The stock closed at 168.8 per share. The stock is currently trading at 173.55 per share. Investors should monitor Ashok Leyland stock price closely in the coming days and weeks to see how it reacts to the news.09-11-2023
Ashok Leyland Share Price Live blog for 08 Nov 2023
Ashok Leyland stock price went down today, 08 Nov 2023, by -0.18 %. The stock closed at 169.1 per share. The stock is currently trading at 168.8 per share. Investors should monitor Ashok Leyland stock price closely in the coming days and weeks to see how it reacts to the news.08-11-2023