For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Ashok Leyland's Q4 Profit Declines 12%; Board Declares Dividend

|

Commercial vehicle maker, Ashok Leyland, reported a 12.1 percent year-on-year increase in its profit for the fourth quarter of 2018-19 at Rs 653 crore. In the same period last year, its standalone profit stood at Rs 743 crore.

Its revenue from operations fell by 0.8 percent to Rs 8,846 crore in the March ended quarter from Rs 8,780 crore in the previous year. Its revenues were led by 1.3 percent YoY increase in sales volumes to 59,523 units.

Ashok Leyland's Q4 Profit Declines 12%; Board Declares Dividend
 

Sale of its light commercial vehicles grew by 8.3 percent, while that of medium and heavy commercial vehicles dropped 0.9 percent in the quarter under review. Further, its MHCV market share rose to 36.9 percent as against 35.1 percent last year.

The EBITDA (earnings before interest, tax, depreciation and amortisation) fell by 12.5 percent to Rs 985.5 crore and EBITDA margin contracted by 170 bps to 11.1 percent in the fourth quarter.

The company's board has recommended a dividend of Rs 3.10 per equity share of Re 1 for the year ended 31 March, 2019, subject to approval by the shareholders at the Annual General Meeting. Dividend was declared at Rs 2.43 per equity share of Re 1 in the previous year.

Shares of Ashok Leyland rose over 6 percent to Rs 94.25 apiece on Friday.

GoodReturns.in

Read more about: ashok leyland
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more