Q4FY21 Result Update - Ashok Leyland - ICICI Direct

Ashok Leyland (ALL) reported an operationally strong Q4FY21 performance. Net sales came in at Rs. 7,001 crore (up 82.4% YoY, 45.4% QoQ), with ASPs climbing 10.3% sequentially to Rs. 15.9 lakh/unit amid share of M&HCV within overall volumes rising to 60% vs. 50% in the previous quarter. Total volumes were at ~44,060 units, up ~31.9% QoQ. EBITDA margins were at 7.6%, up 236 bps QoQ despite ~250 bps gross margin contraction as the company realised substantial operating leverage benefits. Consequent PAT amounted to Rs. 241 crore vs. loss after tax of Rs. 19 crore in Q3FY21.

For details, click on the link below: Link to the report

Shares of ASHOK LEYLAND LTD. was last trading in BSE at Rs.123.35 as compared to the previous close of Rs. 118.2. The total number of shares traded during the day was 6280898 in over 26328 trades.

The stock hit an intraday high of Rs. 129.35 and intraday low of 122. The net turnover during the day was Rs. 786427665.

Source : Equity Bulls

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