"Ashok Leyland's Q4 Net Profit Rises 17% to INR 934 Crore"
12-Sep-2024 by
Looking for in-depth insights into the automotive industry? Discover how Ashok Leyland continues to excel despite market challenges! With a remarkable 17% increase in Q4 net profit, reaching ?934 crore, the company has proven its resilience and ability to innovate in the commercial vehicle space. Stay informed about the latest trends, key financial performances, and exclusive updates in the automotive world.
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Dheeraj Hinduja, Chairman of Ashok Leyland Limited, expressed optimism about the industry's short to medium-term outlook, driven by the expected strong growth of the Indian economy.
Ashok Leyland Q4 FY22 Results: Key Highlights
Ashok Leyland, a leading commercial vehicle manufacturer, reported a 17% increase in net profit, reaching INR 934 crore in the fourth quarter ending March 31, 2022, up from INR 799 crore in the same period the previous year.
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Key Highlights:
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Revenue Growth: Revenue from operations surged by 24%, totaling INR 8,646 crore in Q4 FY22, compared to INR 6,975 crore in Q4 FY21.
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EBITDA Margin: The EBITDA margin improved by 130 basis points, reaching 9.3% in Q4 FY22, up from 8% in Q4 FY21.
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Dividend Announcement: The board has proposed a dividend of INR 5.50 per share for FY22.
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Vehicle Sales: Total vehicle sales increased by 15%, with 76,131 units sold in Q4 FY22, compared to 66,167 units in Q4 FY21.
Management Comments:
Dheeraj Hinduja, Executive Chairman of Ashok Leyland, remarked, "Despite the challenges of the ongoing pandemic and semiconductor shortages, the company has delivered a strong performance in Q4 FY22."