Commercial Vehicle Maker Reports Q4 PAT of Rs 751 Crore, Reflecting 17% YoY Decline

Commercial vehicles manufacturer Ashok Leyland reported a PAT of Rs 751 crore for the Q4 period, representing a decline of 17% compared to the previous year.

The total operational revenue increased by around 33% year on year to Rs 11,626 crore.

In FY23, the company's net profit more than doubled to Rs 1,380 crore, while revenue grew 67% to Rs 35,977 crore.

EBITDA (profits before interest, taxes, depreciation, and amortisation) grew to Rs 1,276 crore in the March quarter from Rs 776.1 crore the prior year. Year on year, operating margins grew 209 basis points to 10.97%.

The Board has proposed a dividend payout of Rs 2.60 per share for the financial year ending in March. The recommendation by the board is subject to approval at the upcoming annual general meeting (AGM), with the dividend set to be paid on or before August 19, as stated by the company.

The company's shares closed 0.6% lower at Rs 152.20 on the BSE. The 52-week high stock price is Rs 169.40 and the 52-week low price is Rs 128.35. The market capitalization of the company is Rs 44,673.18 crore.