Ashok Leyland Q4 Review - Infra Spend; Allied With CNG Portfolio To Benefit: ICICI Direct

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Ashok Leyland Ltd. reported healthy results in Q4 FY22. Standalone operating income came in at Rs 8,744 crore (up 58% QoQ). Total volumes for the quarter were at 48,719 units, up 43% sequentially with average selling prices for the quarter coming in at Rs 17.9 lakh/unit, up 10.5% QoQ.Medium and heavy commercial vehicle volumes in the total sales volume mix (~66% in Q4 FY22 versus ~57% in Q4 FY22). Ashok Leyland's Ebitda for the quarter came in at Rs 776 crore with corresponding margins at 8.9%, up 483 basis points QoQ. Gross margin declined was limited to ~30 bps QoQ but operating leverage benefits lifted blended margin.Consequent reported profit after tax was at Rs 901.4 crore. Profit after tax for the quarter was supported by exceptional one-time gains of Rs 470.3 crore. Adjusted profit after tax for the quarter was at Rs 477 crore..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Ashok Leyland Q4 Review - Infra Spend; Allied With CNG Portfolio To Benefit: ICICI Direct

Ashok Leyland Q4 Review - Infra Spend; Allied With CNG Portfolio To Benefit: ICICI Direct

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