Ashok Leyland
UPDATE AS ON
19 SEPTEMBER 2010
Ashok Leyland had produced a much better result for FY 10 compared to FY 09. Sales has improved smartly from Rs.598107 lakhs to Rs.724471 lakhs. Net Profit has risen smartly to Rs.42367.48lakhs from Rs. 18999.63 lakhs. On a face value of Rs.1, a 150 % dividend has been declared against 100 percent last year. Basic EPS has registered a big increase to Rs.3.18 from Rs.1.43.
A creditable performance and a smart jump over FY 09.
The Q1 performance is as in the table Below :
Sales are Rs.2348 Cr. A full157.3% higher compared to Q1 FY10(last year corresponding Qtr) – though lower by 2011% from previous Qtr ending March,2010.
Total Expenditure is Rs.2174 cr against Rs.2619 cr in previous qtr (less by 17%) but is higher by130.4% compared to previous corresponding Qtr (Rs944 Cr).
Net Profit is Rs. 123 cr against Rs.223 cr in previous Qtr (-44.92%) and against Rs.78 cr in corresponding Qtr (+1478%).
Basic EPS is Rs.0.92 compared to Rs.1.67 in Previous Qtr and Rs.0.06 in corresponding Qtr.
It has been recording Huge increase in sales in current Qtr – and is expected to better its performance excellently.
Its tie-up with IndusInd bank recently for Vehicle Finance will also add to its performance in Future. Recently, it has also bagged a huge order for about 2850 Buses from Tamil Nadu Government.
It has also forecast a sales of 90,000 vehicles in FY11. Its market share hs been improving very steadily over this period and was 27% in June this year.
Ashok Leyland has also bagged a Rs 120 cr order from Sri Lanka recently.
All of this Indcates highly profitable times for Ashok Leyland in the current year.
Current MP is Rs.76.10
| Quarter Ended | 30-Jun-10 | 31-Mar-10 | Dif%1 | 31-Dec-09 | 30-Sep-09 | 30-Jun-09 | Dif&2 |
| Net Sales | 234797.81 | 293904.02 | -20.11 | 181553.44 | 157768.46 | 91245.13 | 157.3 |
| SIT & WIP | -11360.17 | 19057.41 | -159.61 | -26360.84 | 4210.13 | 3744.44 | -403.4 |
| Raw Materials | 177879.28 | 190592.62 | -6.67 | 148499.22 | 100087.75 | 57433.12 | 209.7 |
| Traded Goods | 6940.82 | 5443.48 | 27.51 | 7460.6 | 6494.6 | 5089.68 | 36.4 |
| Employees Cost | 20249.52 | 18071.17 | 12.05 | 17361.74 | 16750.36 | 14409.26 | 40.5 |
| Depreciation | 6146.88 | 5875.33 | 4.62 | 5127.17 | 5058.23 | 4350.06 | 41.3 |
| Other Expenditure | 17548.28 | 22900.06 | -23.37 | 13969.78 | 13620.64 | 9351.91 | 87.6 |
| Total Expenditure | 217404.61 | 261940.07 | -17 | 166057.67 | 146221.71 | 94378.47 | 130.4 |
| Profit from Operations | 17393.2 | 31963.95 | -45.58 | 15495.77 | 11546.75 | -3133.34 | -655.1 |
| Other Income | 472.98 | 230.93 | 104.82 | 195.22 | 555.96 | 6062.43 | -92.2 |
| P B I&EI | 17866.18 | 32194.88 | -44.51 | 15690.99 | 12102.71 | 2929.09 | 510 |
| Interest | 3161.79 | 2211.06 | 43 | 1621.29 | 1700.4 | 2580.29 | 22.5 |
| P A I BB EI | 14704.39 | 29983.82 | -50.96 | 14069.7 | 10402.31 | 348.8 | 4115.7 |
| Exceptional Items | - | 39.36 | 97.44 | 86.76 | 103.59 | ||
| Profitbefore tax | 14704.39 | 29944.46 | -50.89 | 13972.26 | 10315.55 | 245.21 | 5896.7 |
| Tax expense | 2440 | 7678 | -68.22 | 3509 | 1455 | -532 | -558.6 |
| Net Profit after tax | 12264.39 | 22266.46 | -44.92 | 10463.26 | 8860.55 | 777.21 | 1478 |
| Net Profit | 12264.39 | 22266.46 | -44.92 | 10463.26 | 8860.55 | 777.21 | 1478 |
| Divid-% | - | 150 | - | - | - | ||
| Face Value.Rs | 1 | 1 | 0 | 1 | 1 | 1 | 0 |
| Paid Up Equity | 13303.42 | 13303.42 | 0 | 13303.42 | 13303.38 | 13303.38 | 0 |
| Basic EPS | 0.92 | 1.67 | -44.91 | 0.79 | 0.67 | 0.06 | 1433.3 |
| Public holding% | 47.96 | 47.96 | 0 | 47.96 | 47.96 | 47.93 | 0.1 |
ANNOUNCEMENTS TO THE EXCHANGE
16-09-2010 Ashok Leyland Limited has informed the Exchange regarding a press release dated September 16, 2010 , titled "Ashok Leyland bags order for 2,850 buses from IRT Includes MTC's requirement for 150 BS IV vehicles-first from a STU".
25-08-2010 Ashok Leyland Limited has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the members of the Company held on July 27, 2010.
29-07-2010 Ashok Leyland Limited has informed the Exchange regarding a press release dated July 29, 2010 , titled " Ashok Leyland to acquire a 26% stake in UK's Optare".
27-07-2010 Ashok Leyland Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 234797.81 lacs for quarter ending on 30-JUN-2010 against Rs. 91245.13 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 12264.39 lacs for the quarter ending on 30-JUN-2010 against Rs. 777.21 lacs for the quarter ending on 30-JUN-2009.
26-07-2010 Ashok Leyland Limited has submitted to the Exchange a copy of Notice of the Annual General Meeting of the Company to be held on July 27, 2010.
30-06-2010 Ashok Leyland Limited has informed the Exchange that the Register of Members and Share Transfer Books shall remain closed from July 20, 2010 to July 27, 2010 for the purpose of Annual General Meeting of the Company and for payment of dividend. The Annual General Meeting of the members of the Company is scheduled to be held on July 27, 2010.
26-05-2010 Ashok Leyland Limited had informed to the Exchange regarding "Operations at our Ennore Plant are affected on account of the current cyclonic conditions in Tamil Nadu". The Company has now informed to the Exchange vide its letter dated May 25, 2010 that "Ennore plant has resumed operations".
21-05-2010 Ashok Leyland Limited has informed the Exchange that "Operations at our Ennore Plant are affected on account of the current cyclonic conditions in Tamil Nadu."
29-04-2010 Ashok Leyland Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 724471.05 lacs for year ending on 31-MAR-2010 against Rs. 598107.37 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 42367.48 lacs for the year ending on 31-MAR-2010 against Rs. 18999.63 lacs for the year ending on 31-MAR-2009.
29-04-2010 Ashok Leyland Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on April 29, 2010 have recommended a dividend of Rs.1.50 per share of face value of Re.1/- each (150%).
29-04-2010 Ashok Leyland Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 293904.02 lacs for quarter ending on 31-MAR-2010 against Rs. 121812.24 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 22266.46 lacs for the quarter ending on 31-MAR-2010 against Rs. 5331.5 lacs for the quarter ending on 31-MAR-2009.
* * * E N D * * *
No comments:
Post a Comment