Q1FY18 Results: Ashok Leyland Ltd.

Ashok Leyland Ltd. reported its results for the quarter ended June, 2017 today. The standalone numbers of the company were largely muted on account of subdued revenue growth.

The company's total sales for Q1FY18 came in at Rs 4514 crore, which represents a 36.04 per cent sequential decline and 0.38 per cent YoY decline.

Its operating profit (EBIT) for the quarter amounted to Rs 312.7 crore and its EBIT margin stood at 6.93 per cent.

The company reported PAT of Rs 120.2 crore, which represents a sequential QoQ decline of 74.75 per cent and a YoY decline of 58.5 per cent. 

The company achieved highest ever Q1FY18 market share of 34.2%

The company's stock opened for trading at Rs 105.5 on the BSE and declined 3.5 per cent after the results were declared. The stock traded around Rs 102.2 intra-day.