{"id":140724,"date":"2023-02-09T07:17:23","date_gmt":"2023-02-09T12:17:23","guid":{"rendered":"https:\/\/44.250.171.167\/?p=140724"},"modified":"2023-02-09T07:20:29","modified_gmt":"2023-02-09T12:20:29","slug":"ashokleyland-ltd-nse-ashokley-q3-fy23-results-out-total-income-rises-56-yoy","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/ashokleyland-ltd-nse-ashokley-q3-fy23-results-out-total-income-rises-56-yoy\/","title":{"rendered":"Ashok Leyland Ltd. (NSE: ASHOKLEY): Q3 FY23 Results Out; Total Income Rises 56% YoY"},"content":{"rendered":"\n

Ashok Leyland ltd. (NSE:ASHOKLEY)<\/a> is a leading Indian multinational automotive manufacturer, specializing in the production of commercial vehicles, buses, and diesel engines. With a market share of 33% in Q3FY23, the company is a significant player in the Indian commercial vehicle industry. The company’s headquarters are located in Chennai, India, and it operates nine manufacturing facilities across India and in the UAE and the UK.<\/p>\n\n\n\n

Ashok Leyland’s product range spans from light commercial vehicles (LCVs) with a GVW of 1T to heavy commercial vehicles (MHCVs) with a GTW of 55T. The company also offers a range of diesel engines for industrial, genset, and marine applications. In addition, it has a presence in the passenger transportation sector, offering vehicles with seating capacities ranging from 10 to 74.<\/p>\n\n\n\n

Ashok Leyland is a well-established player in the Indian and global automotive industry, with a strong presence in the commercial vehicle and diesel engine segments. The company’s continued focus on market expansion, product innovation, and cost optimization has helped it achieve strong financial results and maintain its position as a leading player in the industry.<\/p>\n\n\n\n

Revenue for the quarter was Rs 9,030 crore, a significant increase from Rs 5,535 crore in Q3FY22. The company’s profit after tax (PAT) for the quarter was Rs 361.3 crore, compared to Rs 5.8 crore in the same period last year. This shows a significant improvement in net profits. The company’s domestic LCV volumes also showed growth, with 16,405 nos. in Q3FY23, a 15% increase from 14,233 nos. in Q3FY22. The company’s EBITDA was Rs 797 crore (8.8%) in Q3FY23, compared to Rs 224 crore (4%) in Q3FY22. The company’s debt was at Rs 2,043 crore in Q3FY23, and debt-equity was at 0.3 times, down from 0.4 times in Q3FY22. This indicates that the company has improved its financial performance and reduced its debt.<\/p>\n\n\n\n

For the period ending December 31, 2022, the company reported total income of Rs. 10,430.39 crores, compared to Rs. 6,675.83 crores for the same period in 2021. The company also posted a net profit of Rs. 319.04 crores for the period ending December 31, 2022, compared to a net loss of Rs. -121.56 crores for the same period in 2021. The company’s EPS was Rs. 1.09 for the period ending December 31, 2022, compared to Rs. -0.41 for the same period in 2021.<\/p>\n\n\n\n

Overall, the results indicate that Ashok Leyland has had a strong quarter and 9 months period, with growth in both revenue and profits. The company’s leadership remains confident and optimistic about the future, citing favorable macroeconomic factors and a robust product portfolio as reasons for their continued growth.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ashok Leyland ltd. (NSE:ASHOKLEY) is a leading Indian multinational automotive manufacturer, specializing in the production of commercial vehicles, buses, and diesel engines. With a market share of 33% in Q3FY23, the company is a significant player in the Indian commercial vehicle industry. The company’s headquarters are located in Chennai, India, and it operates nine manufacturing […]<\/p>\n","protected":false},"author":1932,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,12],"tags":[80],"class_list":["post-140724","post","type-post","status-publish","format-standard","hentry","category-earnings","category-other-industries","tag-automobile"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":139795,"url":"https:\/\/alphastreet.com\/india\/infographicashok-leyland-ltd-nse-ashokleyq3-fy23-results-outtotal-income-rises-8-4-qoq\/","url_meta":{"origin":140724,"position":0},"title":"Infographic|Ashok Leyland Ltd.(NSE: ASHOKLEY)|Q3 FY23 Results Out|Total Income rises 8.4% qoq","author":"Divyansh_Kasana","date":"February 1, 2023","format":false,"excerpt":"Ashok Leyland ltd. 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