Detail News - Ashok Leyland Corporate
Watch the Q2 Press Conference video on: https://www.youtube.com/watch?v=HDuOeB80QNM
Chennai, November 13, 2018: Ashok Leyland, flagship of the Hinduja Group,reported a revenue ofRs.7608Cr (Rs. 6076Cr), an increase of 25%, over the same period last year. The Company achieved an EBITDA margin of 10.6% in Q2 vs 10.1% in the same period last year. The Company has postedconsistent operating margins, despite market volatility, with double-digit EBITDA margins in 14of the past 15quarters.
Results for Q2 FY 2018-19: (as against same period last year)
- Revenues increased by 25% to Rs. 7,608Cr, as against Rs. 6,076Cr
- EBITDA increased by 32% to Rs. 806Cr, as against Rs. 612Cr
- Net profit increased by 37% to Rs. 460Cr, as against Rs. 334Cr
Results for H1 FY 2018-19:
- Revenue increased by 34% toRs.13,858Cr, as against Rs. 10,334Cr
- EBITDA increased by 58% to Rs. 1,453Cr, as against Rs. 918Cr
- Net profit increased by 86% to Rs. 830Cr, as against Rs. 446Cr
Mr. Vinod K. Dasari, Managing Director, Ashok Leyland Limited said “In a challenging market scenario and aggressive competitive environment, we have registered a record financial performance. After bringing the world’s first BS4 engine with intelligent EGR, we continued to provide innovative world class products like the world’s first inline pump based BS4 engine.
We launched many digital technology based solutions, like “ServiceMandi” (market aggregator of highway service) and “eN-Dhan” card (leverages scale to reduce fuel costs), to help reduce the operating costs of our customers. Launched a year ago, “ServiceMandi” has completed 300,000 transactions and Rs. 150Cr in gross transaction value. “eN-Dhan” launched last quarter, has reached 25,000 customers. This is in line with our brand philosophy of “AapkiJeet. HamariJeet”.
Mr. Gopal Mahadevan, CFO, Ashok Leyland added, “The growth in topline has helped in our financial performance. While input cost increases continue, we are attempting to neutralize this effect through efficient cost management. We continue to be zero debt as at the end of the quarter”.
For further information/media queries, contact:
Adfactors PR | AshokLeyland@adfactorspr.com