ASHOK LEYLAND Announces Quarterly Results (3QFY19); Net Profit Down 15.3%

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 (3QFY19); Net Profit Down 15.3%
Mon, 18 Feb

ASHOK LEYLAND has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

ASHOK LEYLAND Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m71,13276,08063,252-16.9%-11.1%
Other incomeRs m380281208-26.1%-45.2%
TurnoverRs m71,51176,36163,460-16.9%-11.3%
ExpensesRs m63,24768,02056,756-16.6%-10.3%
Gross profitRs m7,8827,9006,426-18.7%-18.5%
DepreciationRs m1,3501,4021,60714.6%19.0%
InterestRs m33517419210.3%-42.8%
Profit before taxRs m6,5766,6064,836-26.8%-26.5%
TaxRs m2,0792,0101,027-48.9%-50.6%
Profit after taxRs m4,4974,5963,808-17.1%-15.3%
Gross profit margin%11.110.410.2
Effective tax rate%31.630.421.2
Net profit margin%6.36.06.0
* 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 11.1% on a year-on-year (YoY) basis. The expenses were down by 10.3% YoY during the same period.
  • The company's operating profit declined by 18.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.2% in 3QFY19 as against 11.1% in 3QFY18.
  • Depreciation charges increased by 19.0% and finance costs declined by 42.8% YoY, respectively.
  • Other income declined by 45.2% YoY during the quarter.
  • Net profit for the quarter declined by 15.3% YoY. Net profit margins during the quarter declined from 6.3% in 3QFY18 to 6.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 16.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.6% QoQ during the same period.
  • The company's operating profit declined by 18.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.2% in 3QFY19 as against 10.4% in 2QFY18.
  • Net profit for the quarter declined by 17.1% QoQ, while net profit margins declined from 6.0% in 2QFY18 to 6.0% in 3QFY19.

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

ASHOK LEYLAND Share Price Performance

Over the last one year, ASHOK LEYLAND share price has moved up from Rs 134.0 to Rs 79.4, registering a Loss of Rs 54.7 or around 40.8%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 18,078.7 (down 1.0%). Over the last one year it has moved down from 24,773.4 to 18,078.7, a gain of 6,695 points (down 27.0%).

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 79.4, the price to earnings (P/E) ratio of ASHOK LEYLAND stands at 12.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

Equitymaster requests your view! Post a comment on "ASHOK LEYLAND Announces Quarterly Results (3QFY19); Net Profit Down 15.3%". Click here!

  

Related Views on News

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.

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.

ASHOK LEYLAND 2017-18 Annual Report Analysis (Annual Result Update)

Aug 21, 2018 | Updated on Aug 21, 2018

Here's an analysis of the annual report of ASHOK LEYLAND for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of ASHOK LEYLAND. Also includes updates on the valuation of ASHOK LEYLAND.

More Views on News

Most Popular

My Latest Stock Recommendation(Fast Profits Daily)

Jan 10, 2020

The story behind my latest stock recommendation and an important announcement.

Saffron Curtain = Hindutva Rate of Growth?(The Honest Truth)

Jan 8, 2020

Will the Indian economy revert to a sub-3% growth rate?

Multibaggers of the Next Decade(The 5 Minute Wrapup)

Jan 6, 2020

The one key ingredient to be seen amongst top multibaggers of the next decade

Your Safe Income Options for 2020(Fast Profits Daily)

Jan 9, 2020

What are you safest investing options in 2020 when interest rates fall.

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

ASHOK LEYLAND SHARE PRICE


Jan 17, 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 5-YR ANALYSIS

COMPARE ASHOK LEYLAND WITH

MARKET STATS