Ashok Leyland - Decent Q2FY24; Multiple Levers to Grow EBITDA Margins
Ashok Leyland’s Q2FY24 numbers stood slightly below ours and consensus estimates. Revenue grew by 17%/18% YoY/QoQ, a 2.4% miss vs. our estimate on...
236 Views
Ashok Leyland - Channel Check Suggests MHCV Demand Holding Up
AL’s growth strategy is to penetrate the traditionally weak North and East regions, grow in the Central region and defend its market leadership in...
415 Views
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...
285 Views
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...
176 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.
307 Views