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Ashok Leyland: Another rewarding journey…

Jun 11, 2004

Ashok Leyland, one of the largest players in the domestic commercial vehicles industry has reported robust 4QFY04 and FY04 results. For the fourth quarter, while the topline of the company has grown by 20% YoY, the bottomline has grown at a higher rate of 32%. The corresponding figures for the full year stood at 26% and 61% respectively.

(Rs m) 4QFY03 4QFY04 Change FY03 FY04 Change
Sales 9,324 11,187 20.0% 26,987 33,939 25.8%
Other Income 68 57 -16.6% 153 186 21.8%
Expenditure 8,175 9,656 18.1% 23,737 29,993 26.4%
Operating Profit (EBDIT) 1,148 1,530 33.2% 3,250 3,946 21.4%
Operating Profit Margin (%) 12.3% 13.7%   12.0% 11.6%  
Interest 116 (18) -115.3% 585 208 -64.5%
Depreciation 246 251 1.9% 1,030 965 -6.3%
Profit before Tax 854 1,354 58.6% 1,788 2,960 65.6%
Extraordinary items - (54) - (87) (95) -
Tax 190 427 124.2% 499 929 86.2%
Profit after Tax/(Loss) 663 873 31.6% 1,202 1,936 61.0%
Net profit margin (%) 7.1% 7.8%   4.5% 5.7%  
No. of Shares (m) 118.9 118.9   118.9 118.9  
Diluted earnings per share (Rs)* 22.3 29.4   10.1 16.3  
P/E ratio (x)         12.8  
(*annualised)            

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Sep 24, 2020 (Close)

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