Hinduja Group flagship Ashok Leyland introduced on Friday a consolidated revenue of ₹766.55 crore for the July-September 2024 quarter.
The town-based heavy industrial car maker had registered a consolidated revenue of ₹550.65 crore throughout the corresponding quarter of the earlier monetary yr.
The consolidated whole earnings throughout the quarter rose to ₹11,261.84 crore, up from ₹10,754.43 crore within the year-ago interval.
In an announcement on Friday, the corporate stated it maintains over 31 per cent market share within the home medium and heavy industrial car phase.
“Our deal with profitability continues. We’re happy to have improved our profitability by premiumising our merchandise, addressing cost-reduction alternatives, and repeatedly enhancing our customer support requirements,” stated managing director and CEO Shenu Agarwal.
“Our PAT (revenue after tax) for Q2FY is at an all-time excessive. Our EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) margins have improved each sequentially and year-on-year, marking this the seventh consecutive quarter of double-digit EBITDA. We’re on observe to realize mid-teen EBITDA within the medium time period,” Agarwal added.
Ashok Leyland recorded an 11.6 per cent rise in EBITDA for the July-September 2024 quarter at ₹1,017 crore, in comparison with 11.2 per cent ( ₹1,080 crore) within the corresponding quarter of the earlier monetary yr.
The Board, which met on Friday, really useful an interim dividend of ₹2 per share with a face worth of Re 1, reflecting continued enchancment in monetary efficiency and a optimistic outlook for the remaining half of the monetary yr.
In the course of the quarter underneath assessment, gross sales within the mild industrial car phase stood at 16,629 items, in comparison with 16,998 items offered in the identical interval final yr. Abroad gross sales throughout the July-September 2024 quarter grew by 14 per cent to three,310 items.
The defence, energy options, and aftermarket companies proceed to carry out nicely and are anticipated to publish good progress for the present monetary yr, the corporate famous.
Administration Commentary
Ashok Leyland Government Chairman Dheeraj Hinduja acknowledged, “Our robust all-round efficiency in Q2 is pushed by our technological and value management. Internationally, we’re intensifying our growth technique in key markets throughout SAARC, the Center East, Africa, and Asia, aiming to realize our best-ever efficiency this fiscal.”
“We proceed to put money into new merchandise with various fuels. Change Mobility is progressing nicely with an order guide of almost 2,000 buses,” he stated.
In the course of the July-September 2024 quarter, Ashok Leyland expanded its choices within the Tipper, Bus, Haulage, and Gentle Business Automobile segments.
The corporate additional emphasised increasing its distribution community all through the quarter, it added.
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