Ashok Leyland Q4 Results Live : profit rise by 13.41% YOY

Ashok Leyland Q4 Results Live : Ashok Leyland declared their Q4 results on 24 May, 2024, with the revenue increasing by 2.84% and the profit increasing by 13.41% YoY. In comparison to the previous quarter, the revenue saw a growth of 22.4% and the profit surged by 52.34%.

The Selling, general & administrative expenses of Ashok Leyland rose by 1.52% q-o-q and increased by 5.34% Y-o-Y, reflecting some cost pressures on the company.

Furthermore, the operating income showed a significant increase of 40.08% q-o-q and 43.56% Y-o-Y, indicating improved operational efficiency for Ashok Leyland.

The Earnings Per Share (EPS) for Q4 stood at ₹2.78, marking a 7.46% Y-o-Y increase, showcasing positive growth in earnings for the company.

Ashok Leyland's stock performance has been noteworthy with a 2.76% return in the last 1 week, 19.33% return in the last 6 months, and 16.97% Year-to-Date (YTD) return.

As of now, Ashok Leyland commands a market capitalization of ₹62,352.91 Cr with its 52-week high/low at ₹213.7 and ₹144.1 respectively, providing insights into the company's market standing.

Analyst coverage on Ashok Leyland as of 25 May, 2024, shows that out of 36 analysts, 3 have rated it as Strong Sell, 4 as Sell, 6 as Hold, 13 as Buy, and 10 as Strong Buy, with the consensus recommendation being Buy.

The financial results depict a positive outlook for Ashok Leyland in Q4, with revenue and profit growth, improved operational performance, and favorable analyst recommendations, positioning the company well for future growth and success.