Ashok Leyland Q4 Results Date, Share Price, Earnings and More

Ashok Leyland

Ashok Leyland, a US $4.5 billion company with a rich 75-year legacy, stands as a global leader in the commercial vehicle industry, spanning across 50 countries. Headquartered in Chennai With a robust presence in 50+ countries and a network of 9 manufacturing plants, including facilities in India, the UAE, the United Kingdom, and a joint venture for specialized components, Ashok Leyland boasts a fully integrated manufacturing setup.

Ashok Leyland's influence is felt across the automotive landscape, the company's diverse business verticals encompass trucks, buses, light vehicles, power solutions, defense, and services. 

Ashok Leyland Q4 Results 

Ashok Leyland released its Q4 report on May 24th after the board of directors meeting. In the meeting that took place from 10.45 - 1.45 p.m. The company discussed three key issues like financial reports for Q4, The 75th annual general meeting that will be held on July 25, 2024, and the amendment of company articles related to the  Payment of remuneration for non-permanent directors and investment route must be approved by the board of directors.

In the Q4 FY2024, the company has done exceptionally well with a record 14.1%(Rs. 1592 Cr) EBITDA, which is 3.1% higher than the previous quarter of the same year. And the PAT has grown approximately 19.8% from the previous quarter.

The company has sales that are close to the previous year in Commercial vehicle segments with 194,553 which is close to the previous year's numbers of 197,366. The company has opened 246 new outlets in this FY across the country. The company's market share gain of 5.8% and it emerged as an industry leader.  

The company chairman Mr Dheeraj Hinduja commenting on the financial results said that  “company is celebrating our 75th year anniversary and continue to be optimistic about our industry prospects in the short to medium terms backed by anticipated robust growth in the Indian economy” his statement read. 

The  Company CEO and managing director Mr. Shenu Agarwal said that company in“FY24 has been a strong year for us. Whether it is revenues, EBITDA margins or profits, we have achieved all-time high numbers. This gives us even more strength to move towards our medium-term goal of mid-teen EBITDA”

Ashok Leyland’s Dividend 

Ashok Leyland declared on March 25, 2024, its interim dividend with an Ex-date of 3rd April 2024 and a price of 4.95 Rs as for the final dividend we are not sure about the dates and amount but it’s possible it might be discussed on the 75th annual general meeting that is going to be held on July we are not sure about it but just a hunch.  

 Ashok Leyland Share Price 

 Ashok Leyland's share price at the time of closing is 210 Rs. The price has plunged to a new low due to the Q4 results release. The company has even though posed better quarter reports have fared low in its share price.