iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Ashok Leyland reports y-o-y decline of 17% in Q4 net profit

24 May 2023 , 10:02 AM

Ashok Leyland announced its results for the quarter ended March 2023, and reported nearly a 17% year-on-year decline in net profit for the March quarter, totaling Rs 751.41 crore.

Ashok Leyland saw a significant year-on-year increase in total revenue from operations, reaching Rs 11,626 crore, representing a 33% year-on-year increase.

The decrease in net profit can be attributed primarily to the absence of a one-time gain that the company had recorded in the previous year’s corresponding quarter.

In the fiscal year 2023, Ashok Leyland recorded impressive growth in net profit, more than doubled to reach Rs 1,380 crore. Additionally, the company witnessed a significant 67% y-o-y increase in revenue, amounting to Rs 35,977 crore.

Ashok Leyland’s EBITDA (earnings before interest, taxes, depreciation, and amortization) increased to Rs 1,276 crore in the March quarter from Rs 776.1 crore the previous year. This improvement resulted in an increase in operating margins, which increased by 209 basis points year-on-year to 10.97%.

Ashok Leyland saw an increase in its truck market share, which rose to 32.7% in the most recent quarter, up from 30.6% the previous year. Similarly, the company’s market share for buses increased to 27.1% from 26.4% the previous year. Furthermore, Ashok Leyland increased domestic light commercial vehicle volumes by 18% during the reported quarter, selling 18,840 units.

At around 9.57 AM, Ashok Leyland was trading at Rs 151.95, down by 0.16% against the previous close of Rs 152.20 on NSE.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • Ashok Leyland
  • Ashok Leyland news
  • Ashok Leyland Results
  • Ashok Leyland Stock News
  • Ashok Leyland Updates
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.