Ashok Leyland reported a 23% increase in profit before exceptional items and tax for Q2, reaching ₹1,083 Cr. PAT reached an all-time high of ₹771 Cr, and EBITDA stood at 12.1%. The company announced a 100% interim dividend (₹1 per share). Both MHCV and LCV segments experienced volume growth. The bus industry continues its impressive movement.
Strong Q2 Performance
Ashok Leyland announced its Q2 results, showcasing significant growth in key financial metrics:
- Profit (before exceptional items and tax): ₹1,083 Cr, up 23% year-over-year
- EBITDA: 12.1% (₹1162 Cr) compared to 11.6% in the corresponding period last year
- The Board has recommended a 100% Interim Dividend of INR ₹1 per share
Segment Performance
Ashok Leyland witnessed volume growth in both its MHCV and LCV segments:
- MHCV: Volume increased by 3% (26,307 units)
- LCV: Volume increased by 6% (17,697 units)
The bus industry continues to exhibit impressive movement. Domestic MHCV market share remains above 30%, with market leadership in the Bus segment. LCV domestic market share in addressable segments has also improved.
Export and Business Outlook
Export volumes grew impressively by 45% year-over-year. The Defence, Power Solutions, and Aftermarket Businesses are expected to continue their strong performance throughout the fiscal year. Ashok Leyland expanded its product line in Q2 with new launches in Tipper, Bus, Haulage, and LCV segments. Distribution network expansion is progressing according to plan.
Source: BSE
