Pick of the Week - Ashok Leyland - 23 AUG 2023
Ashok Leyland (AL), flagship of the Hinduja Group, is the 2nd largest manufacturer of commercial vehicles (CV) in India, 3 rd largest manufacturer...
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Ashok Leyland - Gross Margin Drives Beat; Maintain BUY
Ashok Leyland reported robust Q1FY24 numbers on a YoY basis (In Q4FY23, sales volumes were significantly higher due to pre-buying ahead of the OBD...
244 Views
Ashok Leyland - Excellent Q4FY23; Maintain BUY on Longish CV Cycle
EBITDA grew by 64%/60% YoY/QoQ, largely in line with our estimates (beat of 8.5% against consensus estimates) led by improved gross margins.
390 Views
Ashok Leyland - Strong Q3FY23 with Beat Across Numbers; Maintain BUY
AL’s share in the MHCV segment improved to 33% in Q3FY23 (32% in Q2FY23/ 26% in Q3FY22). LCV share also improved to 11.6% (up 70/40 bps YoY/QoQ).
484 Views
Ashok Leyland - Robust Q2 with Market Share Gains; Growth & Profitability to Sustain
Ashok Leyland Ltd (AL) reported a robust set of numbers with revenues of Rs 8,266 Cr, up 85%/14% YoY/QoQ and 1.6% beat vs. our estimate.
291 Views