Page 4 - Ashok Leyland Auto

Ashok Leyland Q4 net profit drops 58% to Rs 158 cr; revenue jumps 22%

Hinduja group flagship Ashok Leyland on Thursday reported a 58.14 per cent decline in consolidated net profit at Rs 157.85 crore in the fourth quarter ended March 2022, pulled down by higher expenses. The company had posted a consolidated net profit of Rs 377.13 crore in the same quarter of the previous fiscal, Ashok Leyland said in a regulatory filing. The commercial vehicles maker posted a consolidated revenue from operations at Rs 9,926.97 crore in the fourth quarter as compared to Rs 8,142.11 crore in the year-ago period. Total expenses were higher at Rs 9,429.55 crore as against Rs 7,831.21 crore earlier, with cost of materials and services shooting up to Rs 6,580.81 crore from Rs 5,481.04 crore in the corresponding quarter of the previous fiscal. The company also incurred exceptional items outgo of Rs 266.71 crore in the fourth quarter on various fronts, including impairment in value of goodwill and net assets of subsidiaries, loss of valuation of investment and voluntary ...

Stocks to Watch: Adani Wilmar, Grasim, Dish Tv, Coal India, Ashok Leyland

Adani Group stocks may be in limelight after both Adani Enterprises and Adani Wilmar reported earnings for the December quarter.

Two technical stock picks by Vaishali Parekh of Prabhudas Lilladher

Ashok Leyland stock has witnessed a decent correction from Rs 143 level and bottomed out near the significant 200-DMA level of Rs 116

Ashok Leyland scales down production across plants as demand dips

Hinduja group flagship Ashok Leyland on Monday said it has curtailed production at its manufacturing plants due to dip in demand with second wave of Covid-19 sweeping across the country.

Ashok Leyland launches India's first 14-wheeler DTLA truck AVTR 4120

Company claims it is India's first 4-axle truck with 40.5 tonne GVW

Ashok Leyland tanks 8% to Rs 124.10 after Rs 19 crore Q3 net loss

The company had reported a net profit of Rs 28 crore in October-December quarter of 2019-20

Ashok Leyland M&HCV sales grow 32% in January, bus sales falls 79%

Total M&HCV sales dropped by 2 per cent to 6,839 units in January 2021 from 6,949 units, a year ago

Ashok Leyland's auto sales jump 11% to 13,126 units in January

Hinduja group flagship firm Ashok Leyland on Monday reported an 11 per cent increase in total vehicles sales at 13,126 units in January. The company had sold 11,850 units in the corresponding month a year ago, Ashok Leyland said in a regulatory filing. Total domestic vehicles sales stood at 12,359 units in January against 10,850 units in the year-ago period, registering an increase of 14 per cent. Medium and heavy commercial vehicles (M&HCV) sales in the domestic market were down 2 per cent at 6,839 units last month as compared with 6,949 units in the year-ago month, it added. Light commercial vehicle sales in the domestic last month stood at 5,520 units as compared with 3,901 units in January 2020, up 42 per cent, the company said.

Ashok Leyland trucks sales up 56% in December, bus sales drop 90%

Total vehicles sales rose by around 14 per cent to 11,857 units from 10,378 units

Ashok Leyland shares near 52-week high, surge 61% in 2 months

Analysts expect a gradual revival by the end of FY21, led by a low base, replacement demand and pick-up in economic activity

Ashok Leyland slips into red, reports Rs 72 cr pre-tax loss in Q4

Auto major has posted Rs 806 cr profit in year-ago quarter

Hinduja Group shares trade weak; IndusInd Bank, Ashok Leyland slip up to 4%

The legal battle in the Hinduja family, which could result in a partition of family assets, is likely to delay their plan to increase stake in IndusInd Bank

Large stimulus critical for re-starting economic engine: MD, Ashok Leyland

Supply chains need to be re-started, migrant labour needs to come back to work (in a systematic and safe manner), and consumer demand needs to be triggered, says Vipin Sondhi

Nifty Auto hits 6-year low; Maruti tumbles 11%, Ashok Leyland plunges 19%

Post the coronavirus outbreak, the correction in the auto index is now closer to that witnessed during the 2008 Global Financial Crisis (GFC) period, said HDFC Securities

Coronavirus outbreak to have no impact on BS-VI transition: Ashok Leyland

The company, which is one of the leading players in the commercial vehicle segment, said its BS-IV inventory would be exhausted by the end of this month

Daimler India rides on BS-VI line up for higher market share in 2020

Daimler India is taking on rivals Tata Motors and Ashok Leyland with its BS-VI line of vehicles

Ashok Leyland inks two-year deal with YES Bank for vehicle financing

The companies have inked a memorandum of understanding (MoU) regarding the partnership

Ashok Leyland M&HCV sales decline 55% in November; bus sales up 196%

The company's total sales dropped to 5,321 units in November 2019, from 8,260 units a year earlier

Ashok Leyland bags order for 1,750 buses from Tamil Nadu State Transport

Ashok Leyland is currently India's largest and the world's fourth largest bus manufacturer

Ashok Leyland cracks 6% as truck sales plunge in August

It sold 3,336 units of M&HCV trucks in August as compared to 11,135 units, a year ago.