Ashok Leyland Board To Meet To Consider Issuing Bonus Shares On May 23

Ashok Leyland Ltd. has announced that its board of directors will meet on May 23 to consider the issuance of bonus shares. This decision will be subject to the necessary approvals, as per regulatory requirements.

The meeting will also review the standalone and consolidated audited financial results for the fiscal ending March 31, 2025. This follows an earlier communication from the company on May 8 regarding the upcoming board meeting.

Earlier, the company had announced a final dividend of Rs 4.25 per share, with a face value of Rs 1 each, for the financial year 2025, as per an exchange filing on Friday. The second interim dividend is scheduled to be paid on or before June 14, with the record date set for May 22.

The total dividend payout amounts to Rs 1,248 crore. Retail investors, holding up to a 9.56% stake, will receive up to Rs 118 crore in total.

In the third quarter, the commercial vehicle manufacturer reported a consolidated net profit of Rs 761.74 crore, marking a 31% year-on-year increase from Rs 580.03 crore in the same period last year.

The company’s revenue grew by 2.2%, reaching Rs 9,436.17 crore, compared to Rs 9,231.06 crore in the previous year. Earnings before interest, taxes, depreciation, and amortisation also saw a notable rise of 9%, amounting to Rs 1,168.93 crore, up from Rs 1,071.98 crore. The Ebitda margin improved to 12.4% from 11.6%.