Ashok Leyland Q2 Results Live: Profit Rises by 34.15% YOY
Ashok Leyland Q2 Results Live: Revenue decreased by 2.46% YoY & profit increased by 34.15% YoY.
Ashok Leyland Q2 Results Live : Ashok Leyland declared their Q2 results on 08 Nov, 2024, reporting a mixed performance with a topline decrease of 2.46% year-over-year, while profit surged by 34.15%. Compared to the previous quarter, revenue showed a positive growth of 3.95%, and profit climbed by 38.59%.
The company faced an increase in selling, general, and administrative expenses, which rose by 9.06% quarter-on-quarter and 11.76% year-over-year. Despite these rising costs, operating income improved, up by 9.52% from the last quarter and also increased by 11.76% year-over-year.
Earnings per share (EPS) for Q2 stood at ₹2.4, reflecting a significant increase of 35.33% year-over-year. This positive growth in EPS indicates strong profitability amidst the challenges faced in revenue generation.
In terms of stock performance, Ashok Leyland has delivered a 3.71% return in the last week, 10.92% return over the past six months, and an impressive 18.92% year-to-date return. The company's market capitalization currently sits at ₹63,397.46 Cr, with a 52-week high of ₹264.65 and a low of ₹157.55.
As of 09 Nov, 2024, the consensus among analysts is cautiously optimistic. Out of 37 analysts covering the company, there are 2 Strong Sell ratings, 6 Sell ratings, 2 Hold ratings, 17 Buy ratings, and 10 Strong Buy ratings, suggesting a consensus recommendation to Buy.
Ashok Leyland Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 11147.58 | 10724.49 | +3.95% | 11429.04 | -2.46% |
| Selling/ General/ Admin Expenses Total | 1042.5 | 955.87 | +9.06% | 932.83 | +11.76% |
| Depreciation/ Amortization | 244.03 | 235.12 | +3.79% | 226.61 | +7.69% |
| Total Operating Expense | 9353.35 | 9086.27 | +2.94% | 9823.61 | -4.79% |
| Operating Income | 1794.23 | 1638.22 | +9.52% | 1605.43 | +11.76% |
| Net Income Before Taxes | 1078.06 | 765.46 | +40.84% | 927.31 | +16.26% |
| Net Income | 705.64 | 509.15 | +38.59% | 526.01 | +34.15% |
| Diluted Normalized EPS | 2.4 | 1.72 | +39.9% | 1.78 | +35.33% |
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First Published:9 Nov 2024, 11:37 AM IST
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