ASHOK LEYLAND LTD Q2 RESULTS
![Ashok Leyland MD on Q1 results, plans to list subsidiaries & more](https://img.etimg.com/thumb/msid-112034154,width-100,height-75,resizemode-4/markets/expert-view/ashok-leyland-md-on-q1-results-plans-to-list-subsidiaries-more.jpg)
Ashok Leyland MD on Q1 results, plans to list subsidiaries & more
Ashok Leyland, led by CEO Shenu Agarwal, expressed strong potential in its subsidiaries like Hinduja Leyland Finance, Hinduja Housing Finance, and Hinduja Technologies. Despite election impacts, Q1 volumes hit record highs. Prospects look promising for FY25. Agarwal also says that a lot of positive momentum is building and he expect sQ2 also will be good.
![Ashok Leyland Q1 Results: Profit falls 9% YoY to Rs 526 crore, misses estimates](https://img.etimg.com/thumb/msid-112009136,width-100,height-75,resizemode-4/markets/stocks/news/ashok-leyland-q1-results-profit-falls-9-yoy-to-rs-526-crore-misses-estimates.jpg)
Ashok Leyland Q1 Results: Profit falls 9% YoY to Rs 526 crore, misses estimates
Ashok Leyland reported a 9% YoY decline in net profit to Rs 526 crore for Q1 ending June 2024, missing estimates. Revenue rose 5% to Rs 8,599 crore. The company saw strong demand across all segments, contributing to its highest-ever Q1 CV volumes. EV subsidiary Switch Mobility launched its second e-LCV. Shares traded slightly lower.
![Q1 results today: Nestle, Tech Mahindra among 76 companies to announce earnings on Thursday](https://img.etimg.com/thumb/msid-112001588,width-100,height-75,resizemode-4/markets/stocks/news/q1-results-today-nestle-tech-mahindra-among-76-companies-to-announce-earnings-on-thursday.jpg)
Q1 results today: Nestle, Tech Mahindra among 76 companies to announce earnings on Thursday
Companies like Adani Energy, Ashok Leyland, Canara Bank, Chalet Hotels, Cyient, Glenmark Life, Laurus Labs, L&T Foods, Mahindra Holidays, PNB Housing Finance, Venus Pipes, Vivanta Industries among others will also declare their results
![Q1 Earnings Preview: Flat to 4% growth in net profit expected from Nifty pack; auto, financials, health to outperform](https://img.etimg.com/thumb/msid-111609417,width-100,height-75,resizemode-4/markets/stocks/earnings/q1-earnings-preview-flat-to-4-growth-in-net-profit-expected-from-nifty-pack-auto-financials-health-to-outperform.jpg)
Q1 Earnings Preview: Flat to 4% growth in net profit expected from Nifty pack; auto, financials, health to outperform
Motilal Oswal and Kotak Mahindra differ in their Q2 earnings projections for the Nifty universe. While Kotak forecasts a nearly flat growth of 0.6%, Motilal Oswal projects a 4% increase in net profits. Both firms predict stronger growth when excluding global commodities. Motilal Oswal anticipates a 10% YoY increase for the Nifty excluding oil & gas and metals, while Kotak forecasts a 9.3% rise excluding oil marketing companies.
![Car sales lose pace in June, SUVs stay in front](https://img.etimg.com/thumb/msid-111412968,width-100,height-75,resizemode-4/industry/auto/auto-news/car-sales-lose-pace-in-june-suvs-stay-in-front.jpg)
Car sales lose pace in June, SUVs stay in front
Passenger vehicle sales in India remained sluggish for the third consecutive month in June due to a high base and reduced post-pandemic pent-up demand. Sales rose 3.7% from a year earlier but slightly declined from May, with 340,784 units sold compared to 328,710 last year. SUVs comprised 53% of sales.
![Ashok Leyland shifts focus on margin improvement through price discipline](https://img.etimg.com/thumb/msid-110502045,width-100,height-75,resizemode-4/markets/stocks/news/ashok-leyland-shifts-focus-on-margin-improvement-through-price-discipline.jpg)
Ashok Leyland shifts focus on margin improvement through price discipline
Analysts expect 12-12.5% EBITDA margin over the next two fiscal years allowing room for upgrades if the company is able to achieve its guidance of mid-teen margin in the medium to long term.
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Ashok Leyland shares surge 6% after posting 20% YoY increase in Q4 profit. Should you invest?
Ashok Leyland shares surged nearly 6% on BSE to a record high after reporting a 20% YoY increase in its Q4 net profit.
Hot Stocks: Brokerage view on Exide, Divi’s Laboratories, Ashok Leyland & Sun TV
Top brokerages have issued bullish recommendations for select stocks. CLSA has maintained an outperform rating on Sun TV, raising the target to Rs 720. InCred has upgraded Divi’s Laboratories to Add. Meanwhile, JPMorgan maintains an overweight rating on Exide Industries, with a target price of Rs 520.
Ashok Leyland Q4 Results: Net profit jumps 20% to Rs 900.41 crore
Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago period.
Ashok Leyland Q4 Results: Net profit rises 17% to Rs 934 crore
Ashok Leyland reported a 16.73% increase in Q4 net profit to Rs 933.69 crore. FY24 net profit was Rs 2,696.34 crore with a revenue of Rs 45,790.64 crore. Managing Director Shenu Agarwal and Chairman Dheeraj Hinduja expressed optimism about the company's future prospects.
Q4 results today: NTPC, Hindalco among 257 companies to announce earnings on Friday
257 companies, including NTPC, Hindalco, and Novelis, to announce Q4 earnings. Hindalco may see muted revenues but higher profitability. NTPC expected to have a decline in PAT compared to Q4FY23.
Q4 results this week: ITC, ONGC, Sun Pharma, Nykaa, Ircon International and IRFC
ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi's lab will be releasing their March quarter report cards this week.
Will Nifty hit fresh record high before elections? That depends on these 5 factors
The week may remain lacklustre on the data front as no major economic data releases are scheduled in both the US as well as the Indian market. Indian investors are likely to focus more on the ongoing earnings season as well as stock specific developments. Nifty and Sensex have reached all-time highs driven by US Fed data and expert insights. Key factors that will shape market outlook.
A play on restructuring and higher growth: These auto stocks can deliver more than 18% return
In the last four days of strong volatile moves, one sector which has been able to keep its head above the water is the Auto sector. Is it because of results which are expected to be good or it is rotational trade which is taking place, is the question. Whatever might be the reason, after remaining under pressure for one or the other reason, the auto sector has been witnessing a transformation, right from restructuring to a slew of launches, coming from companies. There is a high probability that this trend of restructuring is likely to continue. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Happiest Minds Tech Q4 Results: Profit jumps 25%, revenues up 10%
Happiest Minds Tech Q4 Results: For full year, the Bengaluru-headquartered firm’s profit rose 7.5% to Rs 248.39 crore from Rs 230.99 crore in FY23. Revenues increased 13.7% to Rs 1624.66 crore from Rs 1,429.29 crore last year.
Happiest Minds Tech Q4 profit jumps 25%, revenues up 10%
Happiest Minds executive chairman Ashok Soota said the company is on track for its longterm vision of $1 billion revenue in FY31, thanks to its new generative AI business unit and two successful acquisitions.
Here's why Hemang Jani is bullish on Tata Motors
I think it will be good to have a bit of caution having seen such a massive gain and also we should be watching out for the companies which are delivering very solid numbers to have a slightly better understanding of what could growth look like over the next quarters. I think it is a good time to kind of have a detailed look at the numbers, growth and valuations.
Lok Sabha election begins: How Nifty may behave before results and which stocks to buy?
Investors monitor Sensex behavior during Lok Sabha election. FPIs sell Indian stocks. Hope for a good monsoon. Structural growth opportunity in Indian equities. Tata Steel, JSW Steel, Tata Motors, and HAL among recommended stocks.
Pushing the envelope: Financial ratios like CD ratio and many others need to be looked at in context
The narrative about the high CD ratio of private banks has been on the street for some time. But the fact is financial ratios are derivative of underlying business and the decision which management takes and not the other way round. Similarly, some ratios are used in quantitative investing and also sometimes for justifications. In the real world, every ratio has to be seen in the context of many things, right from industry to the operating matrix at that point of time. Five stocks which on a ratio may not appear to be in line with what books say but are good business to own.
Q4 earnings preview: Auto sector revenue to grow 15% YoY on steady PV, 2W demand
Q4 auto sector is poised for revenue growth of 15% with EBITDA expected to rise by 28%. Brokerages foresee flat margins for some OEMs. Positive 2W demand trends noted. Top picks include TVS and Tata Motors.
Sanjiv Bhasin’s top 6 midcap picks that may remain unscathed even in run-up to election
Sanjiv Bhasin of IIFL Securities recommends various stocks including PSU pack, Avenue Supermarts, and consumer staples like Bata. He also discusses the potential of EVs in the auto market and the performance of PB Fintech. According to Bhasin, in auto "Maruti and as a dark horse Ashok Leyland are our top picks which has forayed very strongly into the bus market on the EV side."
Ashok Leyland Q3 Results: Net profit zooms 61% YoY to Rs 580 crore
Hinduja group flagship Ashok Leyland on Monday said its net profit increased 61 per cent to Rs 580 crore for the December quarter, riding on robust sales. The company had reported a net profit of Rs 361 crore in the year-ago period.
Q3 results today: Bharti Airtel, Ashok Leyland among 120 companies to announce earnings
Q3 results today: On Saturday, 52 companies including State Bank of India (SBI), Archean Chemical Industries, Affle, Balu Forge, Clean Science and Technology, Gujarat Alkalies & Chemicals and Krishna Institute of Medical Sciences (KIMS).
Ashok Leyland Q2 Results: Firm posts profit miss on higher costs
Standalone profit for the three months ended September rose over two-fold to 5.61 billion rupees ($67.36 million), but fell short of analysts expectations of 6.28 billion rupees, per LSEG data.
Q2 results this week: Adani Ports, Tata Power, LIC, RVNL, M&M and others
Power Grid, Shree Cements, Trent, Zydus Lifesciences, Info Edge (India), Indian Railway Catering & Tourism Corporation, Cummins India, Alkem Laboratories, UNO Minda, Prestige Estates Projects, among others will release their Q2 earnings on November 7
How will Maruti Suzuki and Hero Motocorp fare in Q2? Aniket Mhatre answers
“Maruti seems to be doing very well related to peers and EV transition in passenger vehicles has not yet picked up. So to that extent, Maruti has not been as impacted with EV transition relative to what two-wheelers have faced. While Hero MotoCorp has seen a slew of new launches, the market share recovery has not happened yet. ”
Q2 results season kicks off this week. 32 companies may report over 100% profit growth
Domestic cyclicals like banks, auto and capital goods are likely to lead earnings growth while healthcare and technology may clock a moderate earnings growth. Motilal Oswal sees Nifty earnings growing by 21% YoY in Q2 while Kotak Equities has predicted 23% growth.
Ashok Leyland Q1 Results: Profit rises multifold to Rs 576 crore, revenue up 14% YoY
Its revenue from operations during the reporting quarter surged 13.5% YoY to Rs 8,152 crore as against Rs 7,189.3 crore in the same quarter a year ago.
Should you buy, sell or hold Ashok Leyland shares after PAT slips in Q4?
Ashok Leyland reported a 17% YoY fall in net profit in its Q4FY23. Despite this, several brokerages remain optimistic about the Indian vehicle maker's stock, with JP Morgan maintaining an 'overweight' call and Nomura and Jefferies advocating a 'buy' stance on the counter. The fall in the bottom line was primarily because the company accrued a one-time gain in the same quarter last year, and revenue from operations rose 33% YoY. The company's market share in trucks and buses also showed improvement YoY, and its light commercial vehicle volumes grew 18% in the reported quarter.
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