Buy Ashok Leyland; target of Rs 215: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 215 in its research report dated May 25, 2023.26-05-2023
26-05-2023
ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Dear Sir/Madam, Pursuant to Regulations 30 and 46(2) (oa) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we hereby inform that the audio recording of the Company's Analyst Call held on May 24, 2023 to discuss the financial results for the quarter and year ended March 31, 2023 is available on the Company's website. The link to access the said audio recording is enclosed.26-05-2023
ASHOK LEYLAND LTD. - 500477 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
In pursuance of Regulation 39 (3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the share certificates held by the following shareholder(s) has been reported lost/misplaced, with/without accompanied by Transfer Deed(s) : Sl. No Folio No. Name No. of shares Cert. No. Dist. Nos. (From - To ) Received on 1 20281 V BALA BASKARAN MR V RAJASEKARAN 1000 1000 20281 43567 464777751 - 464778750 2654214205 - 2654215204 24/05/202325-05-2023
ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed copies of the newspaper publications giving notice to shareholders about the transfer of equity shares of the Company to Investor Education and Protection Fund Authority published today in BUSINESS STANDARD in English language and DINAMANI in Tamil language.25-05-2023
ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed copies of the newspaper publications of the audited financial results for the quarter and year ended March 31, 2023 published in BUSINESS STANDARD and BUSINESS LINE (all editions) in English language and DINAMANI (Chennai Edition) in Tamil language on May 24, 2023.25-05-2023
Ashok Leyland: Sector tailwinds drive performance
A strong product portfolio and an increase in market share augur well for the company25-05-2023
ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Meeting Updates
Pursuant to Regulation 23(9) of the Listing Regulations and SEBI Circular dated November 22, 2021, please find enclosed the disclosure on Related Party Transactions for the half-year ended March 31, 2023, in the format prescribed therein. Kindly take the above on your records.23-05-2023
ASHOK LEYLAND LTD. - 500477 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
In pursuance of Regulation 39 (3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the share certificates held by the following shareholder(s) has been reported lost/misplaced, with/without accompanied by Transfer Deed(s) : Sl. No Folio No. Name No. of shares Cert. No. Dist. Nos. (From - To ) Received on 1 10317 MANIBEN RATILAL MEVAWALLA MR RAJENDRA RATILAL MEVAWALLA MRS JAYSHREE RAJENDRA MEVAWALLA 1000 10317 455025511-455026510 22/05/2023 Please notify the above to all the members of the exchange and confirm.23-05-2023
Q4FY23 Quarterly & FY23 Annual Result Announced for Ashok Leyland Ltd.
Commercial Vehicles company Ashok Leyland announced Q4FY23 & FY23 results: Q4FY23: Revenue of Rs 11,626 crore in Q4FY23 compared to Rs 8,744 crore for Q4FY22; grew by 33% YoY Operating PBT for Q4FY23 was at Rs 1,068 crore vs Rs 528 crore for Q4FY22 PAT was at Rs 751 crore as against a Rs 901 crore in Q4FY22 EBITDA was at 11.0 % as against 8.9% in Q4FY22 Ashok Leyland's truck market share for Q4FY23 has improved to 32.7% vs 30.6% in Q4FY22 Bus market share for Q4FY23 has improved to 27.1% as against 26.4% for Q4FY22 Ashok Leyland's domestic LCV volumes grew by 18% in Q4FY23 to 18,840 no's (15,971 nos) Cash generated during Q4FY23 was Rs 2,287 crore and net cash surplus was 243 crore as against a net debt of Rs 720 crore for Q4FY22 FY23: Revenue for FY23 was at Rs 36,144 crore vs Rs 21,688 crore in FY22 Operating PBT was Rs 2,026 crore as against Rs 17 crore in FY22 PAT was at Rs 1,380 crore as against a profit of Rs 542 crore in FY22 Full-year EBITDA was at 8.1% as against 4.6% in FY22 Despite geopolitical headwinds, on a full-year basis our export volumes are at 11289 nos. which was higher than last year (11,014 nos.) by 2%. The Directors have recommended a dividend of Rs 2.60 per equity share of Re 1 each for FY23 Dheeraj Hinduja, Executive Chairman, Ashok Leyland said, "The CV industry is buoyant due to favourable macroeconomic factors and healthy demand from the end-user industries. This trend is expected to continue alongside growth in core sectors such as construction & mining, agriculture, the increased capital outlay for infrastructure projects, and pent-up replacement demand. The focus on International Operations, Defence, Power Solutions, and Parts businesses will continue to balance the volatility of our core business. With momentum gradually picking up in electric vehicles, Switch Mobility is well poised to complement the developments at Ashok Leyland across a spectrum of alternate propulsion systems. At Ashok Leyland we are driven by our brand philosophy of "Koi Manzil Door Nahin" and we remain confident as ever that we will deliver sustainable and profitable growth going forward with our Newgen products and strong customer focus." Shenu Agarwal, Managing Director & CEO, Ashok Leyland, said, "It has been a truly wholesome performance. We have been able to achieve growth in market share, across geographies and across product segments, along with significant improvement in our profitability. All this demonstrates our strong fundamentals - a competitive and wide product portfolio, a strong and widespread network, and a talented and passionate team. While we shall continue to pursue better realisations even as we expand market share, our resolute focus shall remain on bringing deeper efficiency and cost improvement. We have generated close to INR 2287 crore of cash this quarter owing to better profits and focused management of working capital, which gives us ability to further accelerate our investment in future products and technologies." Result PDF23-05-2023
ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Meeting Updates
Amendment to the Articles of Association of the Company The Board of Directors of the Company at its meeting held today have approved the amendment to the Articles of Association of the Company to incorporate suitable provision enabling the Board of Directors to appoint a person nominated by Debenture Trustee(s) as a Director in the event of default as required in the SEBI (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2023 read with Regulation 15(1)(e) of SEBI (Debenture Trustees) Regulations, 1993. The amendment would be placed before the shareholders at the forthcoming AGM.23-05-2023