Buy Ashok Leyland: target of Rs 165: Sharekhan
Sharekhan is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 165 in its research report dated May 20, 2022.21-05-2022
21-05-2022
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, 2022 published in BUSINESS STANDARD and BUSINESS LINE (all editions) in English language and DINAMANI (Chennai Edition) in Tamil language on May 20, 2022. We request you to take the same on record.20-05-2022
ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
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 today to discuss the financial results for the quarter and year ended March 31, 2022 is available on the Company's website. The link to access the said audio recording is: https://www.ashokleyland.com/backend/in/wp-content/uploads/sites/2/2022/05/Conference-Call-20-May-2022.mp3#toolbar=020-05-2022
Earnings Call for Q4FY22 of Ashok Leyland
Conference Call with Ashok Leyland Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.20-05-2022
Ashok Leyland shares in fast lane on Q4 margin beat
Ebitda margin widened at a time when gross margin fell 135bps. Amid the high inflationary environment, Ashok Leyland implemented cost control measures. Other expenses, as a percentage of sales, declined to 8% from nearly 10% in Q4FY21. Also, employee costs as a percentage of sales dropped 73bps20-05-2022
ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
The Board of Directors of the Company, at its meeting held today, based on the recommendation of the Audit Committee have recommended the re-appointment of Messers. Price Waterhouse & Co Chartered Accountants LLP (Firm Registration No. 304026E/E300009), Chennai as the Statutory Auditors of the Company for a second term of five consecutive years i.e. from the conclusion of 73rd Annual General Meeting till the conclusion of 78th Annual General Meeting under Section 139 of the Companies Act, 2013. Their appointment will be subject to the approval of the shareholders.19-05-2022
ASHOK LEYLAND LTD. - 500477 - Corporate Action-Board approves Dividend
The Board of Directors of the Company at its meeting held today have recommended a dividend of Re.1/- per equity share of Re.1/- each for the financial year ended March 31, 2022 to the shareholders for approval. The said dividend, if approved at the forthcoming Annual General Meeting ('AGM'), shall be paid on or before August 27, 2022.19-05-2022
Q4FY22 Quarterly Result Announced for Ashok Leyland Ltd.
Automobile company Ashok Leyland announced Q4FY22 results: Q4FY22: Ashok Leyland reported a revenue of Rs 8,744 crore as against Rs 7,000 crore for the same period last year; Revenue grew by 25% year on year. PBT for the quarter was at Rs 999 crore as against Rs 314 crore for the same period last year. PAT was at Rs 901 crore as against a Rs 241 crore in Q4 last year. Q4 EBITDA was at 8.9% as against 7.6% last year. FY22: Revenue for full year was at Rs 21,688 crore as against Rs 15,301 crore over the same period last year. PBT was Rs 528 crore as against a Loss before tax of Rs 412 crore last year. PAT was at Rs 542 crore as against a Loss after tax of Rs 314 crore last year. Full year EBITDA was at 4.6% as against 3.5% last year. Cash generated during the year was Rs 1,888 crore; Debt net of cash is at Rs 720 crore (Gearing 0.1 time) Mr. Dheeraj Hinduja, Executive Chairman, Ashok Leyland Limited said, "We have seen recovery in Q4 FY'22 and the overall performance has been very good. The CV industry is on a recovery owing to the improvement in the macroeconomic environment and healthy demand from the end-user industries. The MHCV segment is leading the recovery riding on the back of growth in core sectors such as construction & mining, agriculture, increased capital outlay for infrastructure projects and pent-up replacement demand. The performance of our BS6 products have been very good and the introduction of CNG products has helped us regain our market share. LCV volumes driven by increased demand for last mile connectivity, especially from the e-commerce segment is expected to grow further. The focus on Exports, Defence, Power Solutions and Parts businesses will ensure a balanced growth, even as we expand the reach and the products of our core MHCV business. We are keenly following the commodity prices, and the situation on the supply of semi-conductors and hope that both will ease. We are very excited with the prospects of Switch and its future growth prospects in electric vehicles. This complements well with the further developments that Ashok Leyland is making across a spectrum of alternate fuels. We are confident that we will deliver sustainable profitable growth going forward." Result PDF19-05-2022
ASHOK LEYLAND LTD. - 500477 - Corporate Action - Book Closure For Dividend And AGM
For the purpose of AGM and payment of dividend, the Register of Members will be closed from Saturday, July 16, 2022 to Friday, July 29, 2022 (both days inclusive) and the Record date is July 15, 2022.19-05-2022
ASHOK LEYLAND LTD. - 500477 - Corporate Action - Record Date - Dividend
For the purpose of AGM and payment of dividend, the Register of Members will be closed from Saturday, July 16, 2022 to Friday, July 29, 2022 (both days inclusive) and the Record date is July 15, 2022.19-05-2022