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.

FREE REPLAY: Discover What Richa Revealed in Her Smallcaps 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 2020-21 Annual Report Analysis (Annual Result Update)

Oct 19, 2021 | Updated on Oct 19, 2021

Here's an analysis of the annual report of ASHOK LEYLAND for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of ASHOK LEYLAND. Also includes updates on the valuation of ASHOK LEYLAND.

Hero MotoCorp's Manufacturing Halt and Electric Vehicle Shift (Company Info)

Apr 22, 2021

Key reasons why the stock of Hero MotoCorp is in focus today.

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.

More Views on News

Most Popular

Infosys vs TCS: Which is Better?(Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake(Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

6 Popular Stocks that Turned into Penny Stocks(Views On News)

Nov 27, 2021

A look at popular stocks that crashed big time and never recovered, i.e. which went from 'Multibaggers to Multibeggers'.

How to Find Your Next 10-Bagger in this Market(Profit Hunter)

Nov 19, 2021

The #1 make or break factor in your portfolio you shouldn't ignore.

MobiKwik IPO Opens for Subscription Soon. Key Things to Know Before Subscribing.(Views On News)

Nov 20, 2021

The Rs 19 bn issue is set to hit the market soon.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

ASHOK LEYLAND SHARE PRICE


Dec 1, 2021 12:43 PM

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 5-YR ANALYSIS

COMPARE ASHOK LEYLAND WITH

MARKET STATS