ASHOK LEYLAND
RESULTS FOR Q1 FY 2018-19
ASHOK LEYLAND is the
flagship company of the Hinduja Group. Its Q1 FY 2018-19 results for P/E 30th,June,2018
are analysed hereunder :
Its Domestic MHCV volumes
grew by 60%, Revenues grew by 47% and
Net profit has grown by 233% over Q1 of last year.
- EBITDA is at 10.4% (648 CR VS 306 CR) as against 7.2% in Q1 last
year
-MHCV volumes including
exports increased by 54% to 30647 Nos
-LCV Volumes increased by
33% to 11481 Nos.
Mr.Vinod
K.Dasari is the MD of Ashok Leyland. He said – The total; industry volume
registered 84% growth primarily driven by surge in infrastructure spend
resulting in higher sale of Tippers and MAVs.
There was also the impact of the
Base effect. We continued our focus on profitable growth and tight control on
working capital in a market which operated on heavy discounting and credit
push. Despite pressure on realization and raw material price increases, I am
happy that we continue to post growth with profitability.
We
have grown significantly in intermediate
commercial vehicles (ICVs).
The
LCV and BUS business have also posted very good growth. Exports also have grown
by 24%.We will continue to pursue our strategy of de-risking the company from
cyclicality even as we pursue superior returns.
Mr.Gopal
Mahadevan, CFO said – We have seen a double digit EBITDA Margins for 13 of the
14 sequential quarters. Our net cash in the Balance sheet is Rs.1165 Cr. Focus
on operating costs, product Mix and Material cost optimization will continue,
even as we pursue growth.
The
company has recently launched the “En-Dhan” fuel card, to provide Best in class
savings in fuel cost to customers. This initiative with HPCL was developed by
the Customer solutions Business of Ashok Leyland, for a life time engagement
with customers and to positively impact all facets of business by offering
customized solutions.
|
ASHOK LEYLAND
|
Jun '18
|
Mar '18
|
Jun '17
|
YOY
|
QOQ
|
|
Net Sales
|
6,250
|
8,773
|
4,238
|
47.49
|
-28.75
|
|
Raw Materials
|
4,753.08
|
3,592.5
|
2,496
|
90.44
|
32.3
|
|
Traded Goods
|
525.7
|
622.95
|
435.23
|
20.79
|
-15.61
|
|
Increase in Stocks
|
-927.64
|
2,091
|
11.42
|
-8223
|
-144
|
|
Employees Cost
|
492.99
|
454.92
|
437.64
|
12.65
|
8.37
|
|
Depreciation
|
143.05
|
146.3
|
132.13
|
8.26
|
-2.22
|
|
Other Expenses
|
758.45
|
978.83
|
551.6
|
37.5
|
-22.51
|
|
P/B Other Inc. , Int., Excpt. Items & Tax
|
504.5
|
886.38
|
173.94
|
190.04
|
-43.08
|
|
Other Income
|
49.99
|
57.73
|
38.41
|
30.15
|
-13.41
|
|
P/B Int., Excpt. Items & Tax
|
554.49
|
944.11
|
212.35
|
161.12
|
-41.27
|
|
Interest
|
11.59
|
20.06
|
36.63
|
-68.36
|
-42.22
|
|
P/B Exceptional Items & Tax
|
542.89
|
924.04
|
175.72
|
208.95
|
-41.25
|
|
Exceptional Items
|
-20.93
|
5.9
|
-15.24
|
37.34
|
-454.75
|
|
P B T
|
522
|
930
|
160.1
|
225.3
|
-43.9
|
|
Tax
|
152
|
263
|
49
|
208
|
-42
|
|
Net Profit
|
370
|
667
|
111
|
233
|
-45
|
|
Equity
|
293.51
|
292.71
|
292.65
|
0.29
|
0.27
|
|
Diluted EPS
|
1.26
|
2.27
|
0.38
|
231.58
|
-44.49
|
|
MP
|
118
|
||||
|
PE
|
24
|
||||
|
VOLUME
|
38530783
|
||||
|
PRICE TREND
|
|||||
|
18.07.18
|
1 week
|
2 week
|
6 month
|
9 month
|
1 year
|
|
Price
|
133.9
|
127.4
|
124.45
|
128.2
|
108.25
|
|
Gain / Loss
|
-9.93%
|
-5.34%
|
-3.09%
|
-5.93%
|
10%
|
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