- Ashok Leyland‘s net income for Q3 reached 7.62 billion rupees, marking a 31% increase year-over-year and surpassing estimates of 6.65 billion rupees.
- The company reported revenues of 94.8 billion rupees, up 2.3% from the previous year, against an estimated 91.09 billion rupees.
- Total costs rose by 1.3% year-over-year, amounting to 85.1 billion rupees.
- Raw material costs decreased by 2.9% year-over-year, settling at 63.7 billion rupees.
- Other income experienced a decline of 18% year-over-year, reported at 247.1 million rupees.
- EBITDA stood at 12.1 billion rupees, showing a 9% increase year-over-year.
- The company turned cash positive by the end of the quarter, with a net cash position of 9.58 billion rupees.
- Ashok Leyland is actively investing in battery electric and alternate fuel products.
- The company maintains an optimistic outlook on the growth of the commercial vehicle industry in the medium and long term.
- Shares of Ashok Leyland rose by 3.9% to 211.60 rupees, with 6.11 million shares traded.
- Analyst recommendations include 32 buys, 5 holds, and 5 sells.
A look at Ashok Leyland Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Ashok Leyland has a positive long-term outlook. The company scores high on Dividend and Growth factors, indicating strong performance in these areas. With a solid score in Momentum as well, Ashok Leyland shows good potential for future growth and profitability. However, its scores in Value and Resilience are moderate, suggesting some room for improvement in these aspects. Overall, Ashok Leyland appears to be well-positioned for continued success in the market.
Ashok Leyland Limited is a manufacturer of medium and heavy duty commercial vehicles, as well as industrial engines, ferrous castings, and spare parts for automobiles. The company caters to various sectors including buses, tractors, haulage trucks, fire engines, and defense vehicles. Operating both in India and internationally, Ashok Leyland has a diverse product portfolio and aims to be a key player in the commercial vehicle industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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