Hold Ashok Leyland; target of Rs 132: Arihant Capital
Arihant Capital recommended hold rating on Ashok Leyland with a target price of Rs 132 in its research report dated August 20, 2021.23-08-2021
23-08-2021
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 Company has issued duplicate share certificate on August 16, 2021 in lieu of the Original Share certificates mentioned below which had been reported lost / misplaced by shareholders, based on the documents submitted for issue of Duplicate Share Certificate(s) : Sl. No. Folio No. Name No. of shares Original Cert. No. Dist. Nos. (From - To) Duplicate Cert. No. Intimation given to stock exchange for loss of sh.cert 1 14164 ANAND SWAROOPHEDA NAVNEET HEDA 500 14164 458985001-458985500 58294 ''24/07/202118-08-2021
ASHOK LEYLAND LTD. - 500477 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find enclosed copies of the newspaper publications published in BUSINESS STANDARD in English language and DINAMANI in Tamil language on August 14, 2021 giving notice of 72nd Annual General Meeting of the Company scheduled to be held on Wednesday, September 8, 2021. We request you to take the same on record.16-08-2021
Ashok Leyland sees weak Q1 but CV recovery in H2 FY22 may aid earnings
Ashok Leyland undertook price hikes during Q1, which meant that realisations per vehicle improved slightly during the quarter, but not enough to support operating performance, with low volumes impacting operating leverage16-08-2021
ASHOK LEYLAND LTD. - 500477 - Reg. 34 (1) Annual Report
The Seventy Second Annual General Meeting (AGM) of the Company is scheduled to be held through Video Conferencing ('VC')/ Other Audio Visual Means ('OAVM') on Wednesday, September 8, 2021 at 3.00 p.m. Pursuant to Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements), 2015, we submit herewith the Annual Report for the year 2020-21 along with AGM Notice sent to the shareholders.13-08-2021
Ashok Leyland plans expanding into African, Southeast Asian markets
Commercial vehicle maker Ashok Leyland is looking to expand into African and Southeast Asian markets as part of strengthening its international presence, a senior company official said on Friday13-08-2021
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 ended June 30, 2021 published in BUSINESS STANDARD and BUSINESS LINE (all editions) in English language and DINAMANI (Chennai Edition) in Tamil language on August 13, 2021 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.13-08-2021
Earnings Call for Q1FY22 of Ashok Leyland
Conference Call with Ashok Leyland Management and Analysts on Q1FY22 Performance and Outlook. Listen to the full earnings transcript.13-08-2021
Ashok Leyland loss narrows to 282 cr in Q1; revenue grows to 2,951 crore
Other businesses contribute increasing proportion of total revenue12-08-2021
Q1FY22 Result Announced for Ashok Leyland Ltd.
Ashok Leyland’s Revenues increase 3.5 times to Rs. 2,951 Cr in Q1. Ashok Leyland, flagship of the Hinduja Group reported a 353% increase in YoY quarter revenues in Q1 FY’22. The revenues for the quarter stood at Rs. 2,951 crores as against Rs. 651 Cr. in Q1 FY’21. Ashok Leyland’s domestic MHCV volume grew at 1,041% which is close to twice the industry growth of 562% over the same period last year. Ashok Leyland’s domestic LCV volumes for Q1 FY’22 at 8,690 nos. is higher than Q1 FY’21 by 224% (2,686 nos.) Export volumes (MHCV & LCV) for Q1 FY’22 at 1,437 nos. is higher than Q1 FY’21 by 254 % (405 nos.). The company reported a net loss of Rs. 282 Cr. for Q1 FY’22, vis a vis a Net loss of Rs.389 crores in Q1 FY’21. Debt Equity at 0.62 times is the same as Q1 of last year. The company saw strong demand for the AVTR range – India’s first modular truck platform, and this demand is expected to further improve, mirroring the increased economic activity expected. In the LCV segment, the recently launched Bada Dost has been well accepted by the customers and the company is ramping up production in line with market demand. Going forward, last-mile connectivity demand propelled by e-commerce is likely to continue supporting ICV and LCV truck volumes. Other businesses like Defence, Power Solutions and After-market continue to contribute strongly to the top line of the Company. As the world recovers from the second wave, the Company is focusing on vaccination and the adherence of safety protocols, to try and ensure that all its stakeholders stay protected from a potential third wave. The company has already vaccinated 76% of all its employees and is rapidly scaling up to ensure complete coverage. The Company is also working closely with Government agencies in order to expend its CSR spends on community vaccination drives. Mr. Vipin Sondhi, MD & CEO, Ashok Leyland, said “The industry has seen signs of volume recovery in Q1 FY’22 over the same period last year, and we expect this trend to continue going forward. We have worked to improve our businesses and ensured a strong focus on reining in costs this quarter. Our digital-first approach is helping us expand our offerings and getting in newer set of customers. With our robust LHD portfolio we are intensifying our global market expansion strategy, as we continue to focus on achieving our vision of being among the top 10 global CV makers. Recently we announced our strategic steps to move towards net zero carbon mobility through our subsidiary, Switch Mobility. We have also formed an ESG committee of the Board, which will guide and propel us to achieve our sustainability agenda.” Result PDF12-08-2021