Ashok Leyland: Softening of input prices boost margin; outlook positive
The medium- to long-term outlook looks promising, with a pick-up in economic activities. According to the management, the MHCV segment is expected to lead growth in the coming years.
ASHOK LEYLAND LTD. - 500477 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith the details regarding the voting results of the businesses transacted at the 74th AGM of the Members of the Company held on July 21, 2023. We also enclose the consolidated report of the Scrutiniser on remote e-voting and e-voting at the AGM.
Ashok Leyland Results Earnings Call for Q1FY24
Conference Call with Ashok Leyland Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript. ASHOK LEYLAND LTD. - 500477 - Shareholder Meeting / Postal Ballot-Outcome of AGM
Proceedings of AGM held on July 21, 2023 Q1FY24 Quarterly Result Announced for Ashok Leyland Ltd.
Commercial Vehicles company Ashok Leyland announced Q1FY24 results: Net Profits for Q1FY24 stood at Rs 576 crore as against Rs 68 crore in Q1FY23. Revenue for Q1FY24 stood at Rs 8,189 crore as against Rs 7,223 crore in Q1FY23. In Q1FY24 Ashok Leyland's domestic MHCV volume grew by 7% and market share grew from 30.0% to 31.2%. The MHCV truck market share was at 31.7% for Q1FY24 as against 31.1% in Q1FY23. The Company's domestic LCV volume in Q1FY24 was 14821 units, 3% higher than Q1FY23 (14384 units). EBITDA shot up to 10.0% for Q1FY24 (Rs 821 crore) as against 4.4% (Rs 320 crore) in Q1FY23. Net Debt to Equity stood at 0.2 times at the end of Q1FY24. Tax expense for Q1FY24 was lower as it considers a one-time deferred tax credit of Rs 172 crore on account of the expected transition to a lower tax regime in the following financial year. Dheeraj Hinduja, Executive Chairman, Ashok Ley/and, said "With the industry maintaining the growth in Q1FY24, we have been able to post excellent results with focused market performance while reining in costs. We are pleased that we have continued to grow our market share in Q1. We are concurrently intensifying our efforts in international expansion. Through our Electric Vehicle subsidiary, Switch Mobility, we are actively moving towards net zero carbon mobility. The EV market is growing gradually, and we are geared to participating in this growth with a clear road map." Shenu Agarwal, MD & CEO, Ashok Leyland, added, "With the expansion in revenues and efficient cost management we have seen our bottom line improving substantially. While we continue to expand our market penetration on the back of efficient products and expanding the network, we shall remain acutely focused on achieving and sustaining double-digit profitability. This is important for us as we focus on improving our resilience and investing in technologies of the future." Result PDF
Ashok Leyland Q1 results: Net profit jumps 747% to 576 crore; revenue up 13% YoY
Ashok Leyland Q1 revenue increased 13.4% to 8,189.3 crore from 7,222.8 crore, year-on-year (YoY). ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press release relating to un-audited financial results for the quarter ended June 30, 2023 ASHOK LEYLAND LTD. - 500477 - Unaudited Financials Results For The Quarter Ended June 30, 2023
Unaudited financial results for the quarter ended June 30, 2023 ASHOK LEYLAND LTD. - 500477 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation on loss of share certificate ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Concall Intimation