Ashok Leyland Q4 Results: Profit up by 16.7%

During the fourth quarter of FY23, Ashok Leyland recorded a 2.2 % increase in revenue from operations to Rs 13,577.58 crore, compared to Rs 13,202.55 crore.

May 25, 2024 - 12:55
May 25, 2024 - 12:58
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Ashok Leyland Q4 Results: Profit up by 16.7%

Ashok Leyland, the primary Indian company of the Hinduja Group, announced a profit of Rs 933.69 crore in the quarter ending March 31, 2024, showing a 16.7 percent increase from Rs 799.87 crore in the previous year's corresponding period. Revenue from operations for the fourth quarter of FY23 increased by 2.2% to Rs 13,577.58 crore compared to Rs 13,202.55 crore. The amount of Rs 1592 crore was the company's EBITDA.

The company's total income for the quarter was Rs 13,613.29 crore, while its total expenses for the same quarter were Rs 12,037.16 crore. The company's outstanding product range and growing sales and service coverage have facilitated the record-breaking performance. The company announced in a regulatory document that it opened 246 new stores nationwide throughout the year

Currently, Ashok Leyland has a market capitalization of ₹62,352.91 Cr, with its highest and lowest prices in the last 52 weeks being ₹213.7 and ₹144.1, offering information about the company's market position.

As of May 25, 2024, 36 analysts cover Ashok Leyland, with 3 rating it as Strong Sell, 4 as Sell, 6 as Hold, 13 as Buy, and 10 as Strong Buy, resulting in a consensus recommendation of Buy. The Q4 financial results for Ashok Leyland show a positive outlook, with revenue and profit growth, better operational performance, and positive analyst recommendations, setting the company up for future success and expansion.

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