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Ashok Leyland posts encouraging results

Oct 26, 1999

Ashok Leyland Ltd. (ALL) posted net profit of Rs 19.7 m in 2QFY2000, after hitting rock bottom with a Rs 35 m loss in 2QFY99. This was reported by a leading financial newspaper. Ashok Leyland (Hinduja group) is engaged in the manufacture of medium and heavy commercial vehicles (M/HCV), and corners 35% market share (in September 1999).

(Rs m) 2QFY2000 2QFY1999 Change
Net Sales 6,164 4,909 25.6%
Other Income 17 57 -70.8%
Expenditure 5,596 4,551 23.0%
Interest 177 259 -31.5%
Depreciation 221 192 15.4%
Profit before Tax 186 (35)  
Tax 4 -  
Profit after Tax 182 (35) -616.0%
Net profit margin 3.0% -0.7%  

The company's turnaround can be attributed to an upswing in M/HCV demand. Sales (Rs 6 bn) have also witnessed a 25.6% rise. Interest cost has slumped 31.5% from swapping of high cost loans with cheaper loans.

Market view:
Demand upturn in the M/HCV segment has effected a dramatic turn in the company's fortunes. Analysts have taken note of the company's return to profitability and have flagged the stock as a 'BUY'.

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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.

ASHOK LEYLAND 2018-19 Annual Report Analysis (Annual Result Update)

Sep 16, 2019 | Updated on Sep 16, 2019

Here's an analysis of the annual report of ASHOK LEYLAND for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of ASHOK LEYLAND. Also includes updates on the valuation of ASHOK LEYLAND.

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