ASHOK LEYLAND
FY10 RESULTS VS FY 09
(audited, cumulative, non-consolidated)
Ashok Leyland has 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.
At the current price of 59,and EPS of Rs.3.18, the P/E works out to 18.55.
We may watch further improvements QOQ.
Note : Readers may kindly offer their comments, suggestions, ideas and corrections, if any,which will be gratefully taken note of.
The results are as below :
Description FY 2010(Rs. in lakhs) : FY 2009(Rs. in lakhs)
Net Sales/Income from Operations: 724471.05 : 598107.37
Other Operating Income - -
Increase/Decrease in S-I-T and WIP: 651.14 : -4879.84
Consumption of Raw Materials : 496612.71 :429885.65
Purchase of traded goods 24488.36 :20219.17
Employees Cost 66592.54 56617.7
Depreciation : 20410.79 :17841.42
Other Expenditure : 59842.38 : 49321.18
Total Expenditure 668597.92 : 569005.28
Profit from Operations :55873.13 : 29102.09
Other Income 7044.54 : 4962.28
Profit before Interest & Exceptional Items :62917.67 :34064.37
Interest : 8113.04 : 11870.87
Profit after Interest but before Exceptional Items:54804.63 :22193.5
Exceptional items : 327.15 : 1348.87
PBT: 54477.48 : 20844.63
Tax Expense : 12110 : 1845
NPT after tax:42367.48 :18999.63
Extraordinary Items - -
Net Profit (+) : 42367.48 :18999.63
Dividend (%) : 150 : 100
Face Value (in Rs.) : 1 : 1
Paid-up Equity : 13303.42 :13303.38
Reserves :220254.98 :197600.04
Basic EPS (in Rs.):3.18 :1.43
Diluted EPS (in Rs.): 3.18:1.43
Very informative blog this is very useful
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