The company's domestic sales declined 4.28% to 12,473 units in November 2024 as against 13,031 units recorded in the same period last year. Total medium and heavy commercial vehicle (M&HCV) sales increased by 7.95% to 9,176 units in November 2024. However, total light commercial vehicle (LCV) sales decreased by 10.66% to 4,961 units compared to November 2023. Ashok Leyland is engaged in manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings and castings The company's consolidated net profit jump 34.14% to Rs 705.64 crore in Q2 FY25 as against Rs 526.01 crore posted in Q2 FY24. Revenue from operations declined 2.35% to Rs 11,147.58 crore posted in the second quarter of FY25 as against Rs 11,416.66 crore posted in Q2 FY24. The scrip slipped 1.66% to Rs 228.15 on the BSE. Powered by Capital Market - Live

Ashok Leyland Ltd rose for a third straight session today. The stock is quoting at Rs 223.63, up 1.53% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.25% on the day, quoting at 23745.85. The Sensex is at 78326.94, up 1.28%. Ashok Leyland Ltd has added around 2.68% in last one month. Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has added around 6.42% in last one month and is currently quoting at 23043.85, up 2.55% on the day. The volume in the stock stood at 37.24 lakh shares today, compared to the daily average of 85.08 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 223.69, up 3.12% on the day. Ashok Leyland Ltd is up 29.9% in last one year as compared to a 20.57% gain in NIFTY and a 40.86% gain in the Nifty Auto index.The PE of the stock is 23.61 based on TTM earnings ending September 24.Powered by Capital Market - Live

Revenue from operations declined 2.35% to Rs 11,147.58 crore posted in the second quarter of FY25 as against Rs 11,416.66 crore posted in Q2 FY24. Profit before tax was at Rs 1,078.06 crore in Q2 FY25, marking a growth of 16.25% as against Rs 927.31 crore posted in Q2 FY24. The company reported exceptional items of Rs 119.02 crore in Q2 FY25 as against exceptional loss of Rs 38.39 crore posted in Q2 FY24. Ashok Leyland recorded an 11.6% rise in EBITDA for the September 2024 quarter at Rs 1,017 crore as compared to 11.2% (Rs 1,080) crore posted in the corresponding quarter of the previous financial year. On half year basis, the company's net profit gained 13.54% to Rs 1,214.79 crore on 0.18% rise in revenue from operations to Rs 18,896.95 crore in H1 FY25 over H1 FY24. Dheeraj Hinduja, executive chairman, Ashok Leyland, said, 'The Indian Economy is expected to do well in the second half which would benefit our industry. We remain optimistic about industry prospects for H2 on back of strong macroeconomic fundamentals, supported by resumption of Government spending in capex and good monsoons. Our robust all-round performance in Q2 is backed by our technologicol and cost leadership. Internationally as well, we are intensifying our expansion strategy in our focus markets of SAARC, Middle East, Africa and Asia, aimed at posting the best performance ever during this fiscal. We continue to invest in new products with alternative fuels. Switch is doing well with an order book of nearly 2000 buses.' Shenu Agarwal, MD & CEO, Ashok Leyland, added, Our focus on profitability continues. We are happy that we could improve our profitability by focusing on premiumization of our products, addressing cost compression opportunities, and continuously elevating our standards of customer service. Our PAT for Q2FY25 is an all-time high. Our EBITDA margins have improved both sequentially and on YaY basis, making this the seventh consecutive quarter of double-digit EBITDA. We are well on track to achieve mid-teen EBITDA in the medium term. Meanwhile, the company's board declared an interim dividend of Rs 2 per share for FY25. The said interim dividend will be paid on or before 7 December 2024. Ashok Leyland is engaged in manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings and castings.Powered by Capital Market - Live

Ashok Leyland announced that the Board of Directors of the Company at its meeting held on 8 November 2024, inter alia, have recommended the interim dividend of Rs 2 per equity Share (i.e. 200%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Ashok Leyland rose 34.15% to Rs 705.64 crore in the quarter ended September 2024 as against Rs 526.01 crore during the previous quarter ended September 2023. Sales declined 2.37% to Rs 11104.95 crore in the quarter ended September 2024 as against Rs 11374.90 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales11104.9511374.90 -2 OPM %18.3716.44 - PBDT1203.071192.31 1 PBT959.04965.70 -1 NP705.64526.01 34 Powered by Capital Market - Live

Ashok Leyland has fixed 19 November 2024 as record date for interim dividend of Rs 2 per share for FY 2025. The dividend will be paid on or before 07 December 2024. Powered by Capital Market - Live

Domestic sales stood at 14,067 units in October 2024, down 11% as compared with 15,759 units sold in the same period last year. While total medium and heavy commercial vehicle (M&HCV) sales dropped by 8% to 9,408 units, total light commercial vehicle (LCV) sales fell 12% to 5,902 units in October 2024 over October 2023. Ashok Leyland is engaged in manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings and castings The company reported 6.39% fall in consolidated net profit to Rs 509.15 crore in Q1 FY25 as compared with Rs 543.89 crore in Q1 FY24. Revenue from operations rose 10.66% year on year (YoY) to Rs 10,724.49 crore in the quarter ended June 2024.Powered by Capital Market - Live

Ashok Leyland has recorded 9% decline in sales volumes in month of October 2024. The company sold 15,310 units in October 2024 compared to 16,864 units in October 2023. The company's domestic sales were lower by 11% (YoY) at 14,067 units in October 2024. Powered by Capital Market - Live

Ashok Leyland has fixed 19 November 2024 as the record date for the purpose of ascertaining the member's entitlement to receive interim dividend, if any declared.Powered by Capital Market - Live

Ashok Leyland will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live