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Ashok Leyland net declines 18%

Oct 25, 2000

Ashok Leyland Ltd (ALL) has reported a net profit of Rs 149 m for the 2QFY01, which is a decline of 18% YoY. The company's sales showed a marginal improvement at Rs 6,187 m. The main reasons for the decline in net are slowdown in CV sales, higher emission related costs and higher interest costs for working capital needs.

(Rs m) 2QFY00 2QFY01 Change
Sales 6,163 6,187 0%
Interest 393 444 13%
Depreciation 414 425 3%
Profit after Tax/(Loss) 182 149 -18%
Net profit margin (%) 15.0% 5.5%  
No. of Shares (eoy) (m) 118.9 118.9  
Diluted number of shares 118.9 118.9  
Diluted Earnings per share* 6.1 5.0  
*(annualised)      
PER (x) 7.5 9.2  

This quarter is a substantial improvement since the previous quarter (1QFY01) loss of Rs 196 m, however for the 1HFY01, the company continues to report a loss of Rs 48 m. These results have been below our expectations and as a result of this we would have to revise our FY01E forecasts downwards.

The company has announced a buy back of shares, and plans to buy back 15% of the equity capital at a price of Rs 60 per share.

On the current price of Rs 46, it is trading at 7.0x FY00 EPS of Rs 6.6.


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ASHOK LEYLAND Announces Quarterly Results (3QFY20); Net Profit Down 92.7% (Quarterly Result Update)

Feb 17, 2020 | Updated on Feb 17, 2020

For the quarter ended December 2019, ASHOK LEYLAND has posted a net profit of Rs 278 m (down 92.7% YoY). Sales on the other hand came in at Rs 40 bn (down 36.5% YoY). Read on for a complete analysis of ASHOK LEYLAND's quarterly results.

ASHOK LEYLAND Announces Quarterly Results (2QFY20); Net Profit Down 91.5% (Quarterly Result Update)

Nov 12, 2019 | Updated on Nov 12, 2019

For the quarter ended September 2019, ASHOK LEYLAND has posted a net profit of Rs 389 m (down 91.5% YoY). Sales on the other hand came in at Rs 39 bn (down 48.4% YoY). Read on for a complete analysis of ASHOK LEYLAND's quarterly results.

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Sep 16, 2019 | Updated on Sep 16, 2019

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