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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

ASHOK LEYLAND Announces Quarterly Results (2QFY20); Net Profit Down 91.5%
Tue, 12 Nov

ASHOK LEYLAND has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

ASHOK LEYLAND Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m76,08056,83939,295-30.9%-48.4%
Other incomeRs m281211455115.9%61.7%
TurnoverRs m76,36157,04939,750-30.3%-47.9%
ExpensesRs m68,02051,46937,009-28.1%-45.6%
Gross profitRs m7,9005,1691,638-68.3%-79.3%
DepreciationRs m1,4021,6461,600-2.8%14.2%
InterestRs m174126301140.0%73.4%
Profit before taxRs m6,6063,607191-94.7%-97.1%
TaxRs m2,0101,305-198-115.1%-109.8%
Profit after taxRs m4,5962,302389-83.1%-91.5%
Gross profit margin%10.49.14.2
Effective tax rate%30.436.2-103.4
Net profit margin%6.04.01.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 48.4% on a year-on-year (YoY) basis. The expenses were down by 45.6% YoY during the same period.
  • The company's operating profit declined by 79.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.2% in 2QFY20 as against 10.4% in 2QFY19.
  • Depreciation charges increased by 14.2% and finance costs increased by 73.4% YoY, respectively.
  • Other income increased by 61.7% YoY during the quarter.
  • Net profit for the quarter declined by 91.5% YoY. Net profit margins during the quarter declined from 6.0% in 2QFY19 to 1.0% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 30.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 28.1% QoQ during the same period.
  • The company's operating profit declined by 68.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.2% in 2QFY20 as against 9.1% in 1QFY19.
  • Net profit for the quarter declined by 83.1% QoQ, while net profit margins declined from 4.0% in 1QFY19 to 1.0% in 2QFY20.

To see how ASHOK LEYLAND has performed over the last eight quarters,please visit here.

Watch Now: Replay of Our Explosive Profits Summit

ASHOK LEYLAND Share Price Performance

Over the last one year,ASHOK LEYLAND share price has moved down from Rs 118.1 to Rs 79.3, registering a Loss of Rs 38.9 or around 32.9%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 18,290.0 (down 0.4%). Over the last one year it has moved down from 20,364.5 to 18,290.0, a gain of 2,074 points (down 10.2%).

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 79.3, the price to earnings (P/E) ratio of ASHOK LEYLAND stands at 17.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

Equitymaster requests your view! Post a comment on "ASHOK LEYLAND Announces Quarterly Results (2QFY20); Net Profit Down 91.5%". Click here!

  

Related Views on News

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 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.

ASHOK LEYLAND Announces Quarterly Results (1QFY20); Net Profit Down 37.8% (Quarterly Result Update)

Aug 6, 2019 | Updated on Aug 6, 2019

For the quarter ended June 2019, ASHOK LEYLAND has posted a net profit of Rs 2 bn (down 37.8% YoY). Sales on the other hand came in at Rs 57 bn (down 9.1% YoY). Read on for a complete analysis of ASHOK LEYLAND's quarterly results.

More Views on News

Most Popular

The 'Seedhi Baat, No Bakwaas' View on ITC(Profit Hunter)

Oct 12, 2020

Is ITC an investment or a speculation at current levels?

My View on ITC(Fast Profits Daily)

Oct 23, 2020

What do the charts say about ITC?

One of the Best Investment Opportunities in the Market Right Now(Fast Profits Daily)

Oct 16, 2020

The one sector that you should be looking at to make good profits.

Why India's Drone Revolution is a 4x Profit Opportunity(Profit Hunter)

Oct 16, 2020

My research on India's leading defence companies brought me to one major player in drone manufacturing.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

ASHOK LEYLAND SHARE PRICE


Oct 23, 2020 (Close)

TRACK ASHOK LEYLAND

  • Track your investment in ASHOK LEYLAND with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

ASHOK LEYLAND - SAIC MOTOR COMPARISON

COMPARE ASHOK LEYLAND WITH

MARKET STATS