Centrum Broking gives 'buy' call for Ashok Leyland despite losses in Q3
Brokerage house Centrum Broking has given a 'buy' call for Ashok Leyland shares, despite the company reporting losses in the recent quarters.16-02-2022
16-02-2022
Buy Ashok Leyland; target of Rs 175: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 175 in its research report dated February 15, 2022.15-02-2022
Earnings Call for Q3FY22 of Ashok Leyland
Conference Call with Ashok Leyland Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.14-02-2022
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 un-audited financial results for the quarter and nine months ended December 31, 2021 published in BUSINESS STANDARD and BUSINESS LINE (all editions) in English language and DINAMANI (Chennai Edition) in Tamil language. The above information is also made available on the website of the Company at www.ashokleyland.com. We request you to take the same on record.14-02-2022
Q3FY22 Quarterly Result Announced for Ashok Leyland Ltd.
Commercial Vehicles firm Ashok Leyland declares Q3FY22 result: Ashok Leyland’s Revenues increase 15% to Rs. 5535 Cr in Q3. Reports an EBITDA of 4.0% & PAT at Rs 6 cr Ashok Leyland, flagship of the Hinduja Group reported a 15% increase in YoY quarter revenues in Q3 FY’22. The revenues for the quarter stood at Rs. 5535 crores as against Rs. 4814 crores in Q3 FY’21. Ashok Leyland’s domestic MHCV volume at 16667 nos. grew by 15% over the same period last year (14468 nos). The company’s domestic LCV volumes for Q3 FY’22 was at 14233 nos(15991 nos) constrained by semi-conductor shortage. Export volumes (MHCV & LCV) for Q3 FY’22 at 3177 nos. was higher than Q3 FY’21 by 8% (2941 nos.). Profit After Tax (PAT) after exceptionals for the quarter was positive at Rs.6 Crores in Q3 vis-à-vis a loss of Rs.83 crores in Q2 FY22 and a loss of Rs.19 crores in Q3 FY21. During the quarter the company generated cash of Rs 415 cr which brought down the Net debt as on 31st Dec ’21 to Rs.2,697 crores. Debt equity as at the end of the quarter was 0.42 times. In Q3 FY22, Ashok Leyland MHCV domestic truck and bus volumes have grown at almost twice that of industry at 39% compared to the TIV growth of 20%. Consequently, Ashok Leyland’s MHCV market share has improved sequentially by 3.6% in Q3 (from 22.5% in Q2 to 26.1% in Q3). To address the growing demand for ICV CNG vehicles, Ashok Leyland has recently introduced the first of the trucks from the CNG stable – the Ecomet STAR - based on the highly successful Ecomet platform. The company plans to launch further vehicles in Q4 of the current year under the CNG range which will further strengthen Ashok Leyland’s presence in this segment. The Electric vehicle business under Switch continues to expand and grow. Switch UK has announced the setting up of a manufacturing plant in Spain, the ground breaking ceremony of which was held recently. We continue to win Electric Vehicle orders from State Transport Undertakings. In Q3, Switch won a 300 Electric Bus order from Bangalore Metropolitan Transport Corporation. The company had also commenced the supply of the 40 nos electric bus order from the Chandigarh Transport Undertaking. Mr. Dheeraj Hinduja, Executive Chairman, Ashok Leyland, said “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 expected to lead the recovery in the coming months riding on the back of growth in core sectors such as construction & mining, increased capital outlay for infrastructure projects, conducive financing environment and pent up replacement demand. The response for AVTR and our BS6 performance is very good. Together with the introduction of CNG, we are confident of recovering our market share. LCV volumes should grow further owing to the increased demand for last mile connectivity, especially from the e-commerce segment. 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 hoping that the commodity prices will decrease further and the situation on the semi-conductor will ease. I am very happy with the progress made by Switch and am excited by the prospects it holds in the future growth of electric vehicles. This complements well with the further developments that Ashok Leyland is making across a spectrum of alternate fuels” Mr. Gopal Mahadevan, Director & CFO, Ashok Leyland, added, “The higher volumes and our cost management initiatives have helped us improve our bottom line. We have generated close to INR 300 Cr in cash this quarter owing to improved working capital, and we will continue to focus on driving operational efficiency.” Result PDF14-02-2022
Ashok Leyland back in the black with Rs 6 crore net profit in Q3
The firm has posted a loss of Rs 19 crore during October to December period of the previous financial year11-02-2022
ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Further to the intimation made today on the financial results for the quarter and nine months ended December 31, 2021, please find attached a copy of the press release in this connection.11-02-2022
ASHOK LEYLAND LTD. - 500477 - Board Meeting Outcome for Issue Of Non-Convertible Debentures (Ncds)
In furtherance to the communication given on February 7, 2022 and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors, at their meeting held today, approved the issuance of secured, rated, listed, redeemable Non-Convertible Debentures aggregating upto Rs. 250 crores on a private placement basis in one or more tranches/series. We request you to kindly take note of the same in your record.11-02-2022
ASHOK LEYLAND LTD. - 500477 - Unaudited Financial Results For The Quarter And Nine Months Ended December 31, 2021
This is to inform that at the meeting held today, the Board of Directors of the Company have approved the standalone and consolidated unaudited financial results of the Company for the quarter and nine months ended December 31, 2021. A copy of the above along with Independent Auditors' Limited Review Reports are attached herewith.11-02-2022
ASHOK LEYLAND LTD. - 500477 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Sub: Compliance under Regulation 39 (3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. 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 18478 RAKESH KUMAR DIXIT MRS.GIRIJA RANI DIXIT 500 42755 2653647315 - 2653647814 10/02/2022 Please notify the above to all the members of the exchange and confirm.11-02-2022