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Ashok Leyland

Growth, valuations support Ashok Leyland as competition rises in industry

Most brokerages positive about commercial vehicle manufacturer but are concerned about demand

Growth, valuations support Ashok Leyland as competition rises in industry
Updated On : 21 Jun 2024 | 11:08 PM IST

Automakers stocks sprint up post May sales; M&M, Ashok Leyland zoom 6%

Shares of Mahindra and Mahindra (M&M) zoomed 5.9 per cent, hitting its 52-week high at Rs 2,654 per share on the BSE in today's intraday trade

Automakers stocks sprint up post May sales; M&M, Ashok Leyland zoom 6%
Updated On : 03 Jun 2024 | 1:42 PM IST

India summer temperature hits 50 degrees: 5 cool stocks for your portfolio

Infra stocks such as - Larsen & Toubro, Adani Ports, BPCL, Ashok Leyland and Container Corporation of India can rally up to 17 per cent, technical charts suggests.

India summer temperature hits 50 degrees: 5 cool stocks for your portfolio
Updated On : 29 May 2024 | 12:04 PM IST

Ashok Leyland soars 6%, hits new high on healthy Q4 operational performance

Ashok Leyland stock price: Demand momentum in domestic market continues to remain healthy, led by pick-up in replacement demand

Ashok Leyland soars 6%, hits new high on healthy Q4 operational performance
Updated On : 27 May 2024 | 12:09 PM IST

Without incentives, people won't see reason to buy EVs: Dheeraj Hinduja

Hinduja talks about the company's expectations from the new government, as he outlines the strategy in the light commercial vehicles (LCV) category and Switch Mobility funding

Without incentives, people won't see reason to buy EVs: Dheeraj Hinduja
Updated On : 26 May 2024 | 11:41 PM IST

Ashok Leyland Q4FY24 results: Net profit rises 17% to Rs 934 crore

The quarter saw the highest ever sales and margins for Ashok Leyland

Ashok Leyland Q4FY24 results: Net profit rises 17% to Rs 934 crore
Updated On : 24 May 2024 | 10:40 PM IST

Ashok Leyland to unveil 5-6 new products under LCV segment: MD Agarwal

Hinduja Group flagship company Ashok Leyland has lined up 5-6 product launches this year in the light commercial vehicle segment, a top official said here on Friday. The city-based medium and heavy commercial vehicle maker has earmarked Rs 500 to Rs 700 crore as Capital Expenditure for this financial year, Managing Director and CEO Shenu Agarwal said. Ashok Leyland earlier in the day reported a 16.73 per cent increase in consolidated net profit at Rs 933.69 crore in the January-March 2024 quarter as compared to Rs 799.87 crore registered in the same period of last financial year. "FY'24 has been a record year for Ashok Leyland. We have achieved an all-time high,whether it is in revenues, growth, EBITDA margins or profits, we have achieved an all-time high number in FY24," company Chairman Dheeraj Hinduja told reporters. "What makes this achievement significant is that it (highest ever performance) is coming in a year when we are celebrating our 75th year anniversary. We continue to

Ashok Leyland to unveil 5-6 new products under LCV segment: MD Agarwal
Updated On : 24 May 2024 | 8:06 PM IST

Ashok Leyland Q4 results: Net profit rises 16.73% to Rs 933.69 crore

Commercial vehicles maker Ashok Leyland on Friday reported a 16.73 per cent increase in consolidated net profit at Rs 933.69 crore in the fourth quarter ended March 31, 2024. The company had posted a net profit of Rs 799.87 crore in the same period of the previous fiscal, Ashok Leyland said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 13,577.58 crore as compared to Rs 13,202.55 crore in the year-ago period, it added. Total expenses in the fourth quarter were marginally lower at Rs 12,037.16 crore as compared to Rs 12,085.5 crore in the corresponding period of the previous year. The board of directors of the company, at their meeting held on March 25, 2024, has declared an interim dividend of Rs 4.95 per equity share of Re 1 each, for the year ended March 31, 2024, Ashok Leyland said. For the fiscal ended March 31, 2024, net profit was at Rs 2,696.34 crore as compared to Rs 1,358.82 crore in the previous fiscal. In FY24 ...

Ashok Leyland Q4 results: Net profit rises 16.73% to Rs 933.69 crore
Updated On : 24 May 2024 | 3:48 PM IST

Q4 results today: Hindalco and Bosch among 252 firms to post earnings

Company Q4 FY24 results today: Ashok Leyland and Zee Media Corporation are among some of the major companies to release their earnings report for the fourth quarter ending on March 31, 2024

Q4 results today: Hindalco and Bosch among 252 firms to post earnings
Updated On : 24 May 2024 | 10:54 AM IST

There is no impact of elections on the market: Ashok Leyland MD & CEO

Agarwal talks about the company's capex, funding plans in EV arm Switch and growth in bus sales

There is no impact of elections on the market: Ashok Leyland MD & CEO
Updated On : 06 May 2024 | 11:45 PM IST

ICICI Securities downgrades Ashok Leyland to 'Sell', sees 20% downside

Shares of Ashok Leyland fell 2.3 per cent to Rs 172 per share on the BSE in Thursday's intraday after ICICI Securities downgraded the stock to 'Sell' from' Hold'

ICICI Securities downgrades Ashok Leyland to 'Sell', sees 20% downside
Updated On : 18 Apr 2024 | 2:42 PM IST

Ashok Leyland, South Indian Bank sign MoU to provide financing to dealers

Commercial vehicle maker Ashok Leyland Ltd on Thursday said it has partnered with South Indian Bank for financing dealers. The company has signed a Memorandum of Understanding (MoU) to provide financing to dealers under the bank's dealer finance programme, Ashok Leyland said in a statement. Under this partnership, the bank will provide competitive dealer finance options to the dealers, it added. "This alliance will offer appropriate inventory financing solutions to our network of dealers," Ashok Leyland Director and CFO Gopal Mahadevan said. South Indian Bank Senior General Manager & Group Business Head, Biji SS said this partnership will meet the business needs of both organisations and create a strong positive impact. "Through our varied financial solutions, our goal is to offer convenient and complete financing choices to the dealers," she added.

Ashok Leyland, South Indian Bank sign MoU to provide financing to dealers
Updated On : 18 Apr 2024 | 2:02 PM IST

Stocks to Watch, April 2: ABFRL, Infy, Hero Moto, AU SFB, Voda Idea, BDL

Stocks to Watch on Tuesday, April 2, 2024: The Board of Aditya Birla Fashion and Retail has authorised to evaluate the vertical demerger of Madura Fashion business into a separate listed entity

Stocks to Watch, April 2: ABFRL, Infy, Hero Moto, AU SFB, Voda Idea, BDL
Updated On : 02 Apr 2024 | 8:16 AM IST

Ashok Leyland partners with Minus Zero to develop self-driving trucks

Minus Zero, founded in 2021, is backed by technology venture capital fund Chiratae Ventures among other investors

Ashok Leyland partners with Minus Zero to develop self-driving trucks
Updated On : 19 Mar 2024 | 11:51 AM IST

Ashok Leyland clocks three million vehicles production milestone

Ashok Leyland has been a driving force in the Indian and international commercial vehicle sector with technology at the forefront

Ashok Leyland clocks three million vehicles production milestone
Updated On : 22 Feb 2024 | 5:25 PM IST

Ashok Leyland lays foundation stone for electric bus plant in Uttar Pradesh

The primary focus will be on the production of electric buses while also having the capability to produce other vehicles powered by existing and other emerging alternative fuel

Ashok Leyland lays foundation stone for electric bus plant in Uttar Pradesh
Updated On : 20 Feb 2024 | 3:08 PM IST

Ashok Leyland's shareholding in UK-based Optare Plc increases to 92.59%

In November last year, Ashok Leyland announced that it would invest Rs 1,200 crore in its electric vehicle arm Switch Mobility, through Optare Plc

Ashok Leyland's shareholding in UK-based Optare Plc increases to 92.59%
Updated On : 13 Feb 2024 | 11:20 AM IST

Ashok Leyland progressing in network expansion in North & East: Official

Heavy commercial vehicle maker Ashok Leyland has drawn up network expansion plans in the North and Eastern parts of the country, a top company official has said. The Hinduja Group flagship company was also gearing up to launch its electric light commercial vehicles (LCVs) within the next few months. Ashok Leyland in the first nine months of the financial year ending December 31, 2023 reported its highest turnover of Rs 27,100 crore, highest sales volume at 1,38,416 units, EBITDA of Rs 3,014 crore and Profit After Tax of Rs 1,718 crore. "While we have started doing very well now in the North and East zones which have been traditionally our weaker markets, there is certainly ample headroom to grow further. We are progressing well on our network expansion plans, especially in the North and East zones" company Managing Director Shenu Agarwal said. Ashok Leyland to fuel its network expansion plans, has tied up with the diversified conglomerate TVS Group. "We have tied up with the TVS G

Ashok Leyland progressing in network expansion in North & East: Official
Updated On : 11 Feb 2024 | 11:33 AM IST

Some slowdown likely in elections, confident of growth: Ashok Leyland

The commercial vehicle manufacturer is getting investor interest in Switch and is open to multiple options in funding for the unit, says Dheeraj Hinduja

Some slowdown likely in elections, confident of growth: Ashok Leyland
Updated On : 06 Feb 2024 | 9:06 PM IST

Ashok Leyland would move towards 35% mkt share in MHCV segments: Hinduja

Hinduja Group flagship Ashok Leyland would safely remain above 30 per cent market share in the medium and heavy commercial vehicle segments and confidently move towards 35 per cent going forward, a top official said on Tuesday. The company expects to continue its growth in the medium, heavy and light commercial vehicle segments. The city-headquartered company reported a 61 per cent rise in net profit of Rs 580 crore on the back of robust sales. The company had posted a net profit of Rs 361 crore in the year-ago period. "The third quarter (of the current financial year) has been the best for Ashok Leyland. Before the start of this financial year we had expected that the medium and heavy commercial vehicle industry will grow at 8-10 per cent. The market has grown by 9 per cent (as of October-December 2023 period). Ashok Leyland has grown by 7 per cent in line with the industry growth and growth in bus segment is at 65 per cent almost twice the industry growth," Dheeraj Hinduja, the ..

Ashok Leyland would move towards 35% mkt share in MHCV segments: Hinduja
Updated On : 06 Feb 2024 | 8:36 PM IST