Ashok Leyland posts blockbuster earnings in Q1FY17

Ashok Leyland has declared its Q1FY17 results on July 21. The company’s revenue has increased by 10.87 per cent to Rs 4259 crore in Q1FY17 as compared to same period in previous financial year. Its EBITDA too has risen by 9.56 per cent to Rs 3783 crore in Q1FY17 on a yearly basis. Ashok Leyland’s EBITDA margin has expanded by 106 basis points to 11.18 per cent in Q1FY17 as compared to same period in previous fiscal year. The company’s PAT has been boosted by 82.52 per cent to Rs 291 crore in Q1FY17 on a yearly basis. Its PAT margin has expanded by 268 basis points to 6.83 per cent in Q1FY17 as compared to same period in previous financial year.

Ashok Leyland has witnessed its Medium Heavy Commercial Vehicles' (MHCV) domestic volume at 22061, a record high. The company also bagged orders of 3600 buses from various State Transport Undertakings (STUs). Its debt to equity ratio stands at 0.3 as of Q1FY17.

The share price of Ashok Leyland increased by 2.22 per cent on bourses in early trades; and is trading at Rs 97 on an intraday basis.

Ashok Leyland is engaged in commercial vehicles and related components. Its product portfolio includes buses, trucks, light vehicles, defence vehicles and power solutions. It offers buses with seating capacity 18 to 80. Ashok Leyland offers a range of trucks for diverse applications such as long-haul, mining and construction, and distribution. It offers LCV’s such as DOST, PARTNER, STiLE and MiTR mainly for transport and goods carrying purpose.