Ashok Leyland Ltd Q4 FY20 consolidated PAT at Rs. 18.07 crore

ASHOK LEYLAND LTD. has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported net sales of Rs.5127.11 crores during the period ended March 31, 2020 as compared to Rs.5208.53 crores during the period ended December 31, 2019.

The company has posted net profit of Rs.18.07 crores for the period ended March 31, 2020 as against Rs.26.79 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.0.06 for the period ended March 31, 2020 as compared to Rs.0.09 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 5127.11 crs	₹ 5208.53 crs	-1.56%
Net Profit	₹ 18.07 crs	₹ 26.79 crs	-32.55%
EPS	₹ 0.06	₹ 0.09	-33.33%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported net sales of Rs.5127.11 crores during the period ended March 31, 2020 as compared to Rs.9900.10 crores during the period ended March 31, 2019.

The company has posted net profit of Rs.18.07 crores for the period ended March 31, 2020 as against Rs.712.53 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.0.06 for the period ended March 31, 2020 as compared to Rs.2.43 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 5127.11 crs	₹ 9900.10 crs	-48.21%
Net Profit	₹ 18.07 crs	₹ 712.53 crs	-97.46%
EPS	₹ 0.06	₹ 2.43	-97.53%

Financial Results (Year ended FY 2019-20) - YoY Comparison

The company has reported net sales of Rs.22059.10 crores during the 12 months period ended March 31, 2020 as compared to Rs.33324.90 crores during the 12 months period ended March 31, 2019.

The company has posted net profit of Rs.336.67 crores for the 12 months period ended March 31, 2020 as against Rs.2078.70 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.1.15 for the 12 months period ended March 31, 2020 as compared to Rs.7.08 for the 12 months period ended March 31, 2019.

Financials	FY2019-20	FY2018-19	% Change
Total Income	₹ 22059.10 crs	₹ 33324.90 crs	-33.81%
Net Profit	₹ 336.67 crs	₹ 2078.70 crs	-83.8%
EPS	₹ 1.15	₹7.08	-83.76%

Mr. Vipin Sondhi, MD & CEO Ashok Leyland Limited said, "This has been a challenging year for the industry, which witnessed a significant decline in volumes (42%). Consequently, Ashok Leyland also saw a reduction in volume. Despite the drop in the volumes, we have been able to achieve an EBITDA of 6.7%. owing to the pan-company efforts to drive profitability.

Despite the challenging times we continued our legacy of introducing new and innovative technology in the industry. The unique Modular Business Platform "AVTR", gives our customers the flexibility to choose vehicles as per their requirements. This BS VI Platform with the innovative i-Gen6 technology, which is an indigenous solution using mid-NoX technology suited for Indian conditions, will be a game changer in the industry. There has been a very positive customer response for AVTR and the enquiries received for AVTR, as well as our LCV range is a very encouraging sign for the quarters to follow."

Mr. Gopal Mahadevan, Whole Time Director & Chief Financial Officer, Ashok Leyland Limited said, "We continue our productivity and cost reduction programs started earlier in the year. These initiatives have helped us achieve a sizeable reduction in costs. We are also focusing on improving cash flows and conserving resources for future growth initiatives."

Shares of ASHOK LEYLAND LTD. was last trading in BSE at Rs.53.55 as compared to the previous close of Rs. 54.1. The total number of shares traded during the day was 1946617 in over 4499 trades.

The stock hit an intraday high of Rs. 54.75 and intraday low of 52.5. The net turnover during the day was Rs. 105035322.

Source : Equity Bulls

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