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ASHOK LEYLAND LIMITED June-23 Quarter (Ashok Leyland), Revenue lessen by 26.6% to Rs.9691 Crore and Profit turndowns by 27.2% to Rs.584 Crore

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Ashok Leyland, has announced a revenue of Rs.9691 Crore, which has plunge by 26.6% as compared to previous quarter revenue of Rs.13203 Crore. As compared to revenue of June-22,

there is a rise by 14.4% from Rs. 8470 Crore. to Rs.9691 Crore.                                                                  


The Major Segments have been, Commercial Vehicle and Financial Service. The share of each major segments are Commercial Vehicle : 8657 Crore [89.3%] and Financial Service : 1035 Crore [10.7%]. The change in segment revenue of Commercial Vehicle segment turndowns by -29.0% and Financial Service segment crosses by 2.2% during the quarter.                                                               



Ashok Leyland , Quarterly Profit has decreases sharply by 27.2% to Rs.584 Crore from Rs.803 Crore . Net Profit Margin of the company nearly remain flat from 6.1% to 6.0% .                                                                     


On analysis, it is observed that this Quarter's EBITDA (Operating Profit) Margin has nearly remains regular to 15.6% from 14.8% . The reason for the nearly stays similar of EBITDA Margin is due to,

a) Cost to Revenue % of Cost of Sales has diminish to 64.5% (Previous Quarter: 68.5%). Cost of Sales in absolute terms has nose-dives from Rs.9043 Crore to 6250 Crore.                                                         

b) Cost to Revenue % of Employee Cost has zooms to 8.8% (Previous Quarter: 6.8%). Employee Cost in absolute terms has lessen from Rs.902 Crore to 855 Crore.                                                              

c) Cost to Revenue % of Other Expenses has zooms to 11.1% (Previous Quarter: 9.8%). Other Expenses in absolute terms has turndowns from Rs.1300 Crore to 1078 Crore.                                                             

The finance cost has grown from Rs.582 Crore to 655 Crore by 12.6%.                                                          ­


Price to Earning (PE) ratio of the company is 43.2 as compared to the Industry PE of 52.27. PE is better placed which signifies that neither company is overvalue or undervalued. Companies Return on Equity (ROE) is 22.5% and Return of Capital Employed (ROCE) is 12.0%                                                            

                                                                       

To summarize, Revenue has plunge by 26.6%. Gross Margin has grown from 31.5% to 35.5%. EBITDA Margin has nearly remains regular to 15.6% from 14.8%. and Net Profit After Tax Margin has nearly remain flat from 6.1% to 6.0%.                                                                      


The Brief of Quarterly Results is as follows:


                                                           

Disclaimer : The information and analysis of financial results or financial statements are purely informative in nature and shall not be consider as any form of investment or any other sort of advice to buy / sell / hold any stock , units or any other financial instruments or advice to make any other form of decision whatsoever.

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