Ashok Leyland Q1 FY ’20 Revenues at Rs. 5684Cr; EBITDA at 9.4%
- Gains Market Share in M&HCV & LCV
Chennai, July 31, 2019: Ashok Leyland Limited, flagship of the Hinduja
Group, reported a revenue of Rs. 5,684 Cr which was 9% lower than the same
period last year (Rs. 6263 Cr). The Total Industry Volume had come down by 17%.
PBT for the quarter was at Rs. 361 Cr (Rs. 536 Cr) and PAT was at Rs. 230 Cr (Rs.
422 Cr). EBITDA for the quarter was at 9.4%. The Company’s market share in the MHCV
segment for the quarter grew by 4% to 34.1%.
Mr. Dheeraj GHinduja,
Chairman, Ashok Leyland Limited
said,“While the industry has witnessed a decline in volume of 17%, Ashok
Leyland’s market share has grown by 4%. Our EBITDA at 9.4% despite decline in
revenues signifies efficient cost management in the Company. We are well on
course to introduce BS VI vehicles and will be seeding vehicles shortly. Despite a drop in TIV by 5%, our LCV business continues
to do very well and posted a growth of 12%.”
Mr. Gopal Mahadevan, Whole Time
Director &Chief Financial Officer, Ashok Leyland Limited said, “With signs of slower demand, we are
closely watching the developments in the industry. We continue to take cost out
and drive productivity and growth initiatives.”
The Company has published the Consolidated Quarterly results for
the first time in this quarter.
The company launched a slew of products in
this quarter; Boss 1916, 4623 Tractor, 4223 MAV,High Horse Power Tractor 5532
and the 24 & 32 feet fully built containers in premium and economy segment were
the star introductions. Under the Customer Solutions Business, the Company also
launched “SadakkaSaathi” a breakdown assistance program with Hindustan
Petroleum Corporation Ltd. This introduction makes Ashok Leyland, one of the
largest roadside assistance providers in the country for Commercial Vehicles.
In July ’19, the Company has launched
“Oyster”, the next generation AC midi-bus in the premium category. These multi-purpose
premium airconditioned bus range has been designed and manufactured in-house
for staff and tourist commuting.
