Ashok Leyland back in the black with Rs 6 crore net profit in Q3

Ashok Leyland, the flagship company of the Hinduja Group, has posted a net profit of Rs 6 crore during the third quarter of the current financial year as compared to a loss of Rs 19 crore during October to December period of the previous financial year.

The revenues for the quarter under review stood at Rs 5,535 crore as against Rs 4,814 crore in the third quarter of FY21. “The CV industry is on a recovery owing to the improvement in the macroeconomic environment and healthy demand from the end-user industries. The MHCV segment is expected to lead the recovery in the coming months riding on the back of growth in core sectors such as construction and mining, increased capital outlay for infrastructure projects, conducive financing environment and pent up replacement demand,” said Dheeraj Hinduja, Executive Chairman,

Ashok Leyland’s domestic medium and heavy commercial vehicle (MHCV) volume at 16,667 units grew by 15 per cent over the same period last year (14,468). The company’s domestic light commercial vehicles (LCV) volumes for Q3FY22 was at 14,233 units ass against 15,991 during the same quarter last fiscal, constrained by semi-conductor shortage. Export volumes (MHCV & LCV) for Q3FY22 at 3,177 units was higher than Q3FY21 by 8 per cent (2,941).

During the quarter the company generated cash of Rs 415 crore which brought down the net debt as of December 31 to Rs 2,697 crore. Debt equity as of the end of the quarter was 0.42 times.

In Q3 FY22, MHCV domestic truck and bus volumes have grown at almost twice that of the industry at 39 per cent compared to the TIV growth of 20 per cent. Consequently, Ashok Leyland’s MHCV market share has improved sequentially by 3.6 per cent in Q3 (from 22.5 per cent in Q2 to 26.1 per cent in Q3).

See also  Zomato to provide $150 mn loan to Grofers India, buy stake in Mukunda Foods

To address the growing demand for ICV CNG vehicles, has recently introduced the first of the trucks from the CNG stable – the Ecomet STAR- based on the highly successful Ecomet platform. The company plans to launch further vehicles in Q4 of the current year under the CNG range which will further strengthen Ashok Leyland’s presence in this segment. During the quarter the company launched trucks in the Multi-Axle and Tipper ranges which have been well received by customers.

Gopal Mahadevan, Director and chief financial officer, Ashok Leyland, added, “The higher volumes and our cost management initiatives have helped us improve our bottom line. We have generated close to Rs 300 crore in cash this quarter owing to improved working capital, and we will continue to focus on driving operational efficiency.”

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

See also  Benefits Of Using Custom Shoe Bags For Your Business

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link

© 2022, Admin. All rights reserved.

istanbul escort aksaray escort arnavutköy escort ataköy escort avcılar escort avcılar türbanlı escort avrupa yakası escort bağcılar escort bahçelievler escort bahçeşehir escort bakırköy escort başakşehir escort bayrampaşa escort beşiktaş escort beykent escort beylikdüzü escort beylikdüzü türbanlı escort beyoğlu escort büyükçekmece escort cevizlibağ escort çapa escort çatalca escort esenler escort esenyurt escort esenyurt türbanlı escort etiler escort eyüp escort fatih escort fındıkzade escort florya escort gaziosmanpaşa escort güneşli escort güngören escort halkalı escort ikitelli escort istanbul escort kağıthane escort kayaşehir escort küçükçekmece escort mecidiyeköy escort merter escort nişantaşı escort sarıyer escort sefaköy escort silivri escort sultangazi escort suriyeli escort şirinevler escort şişli escort taksim escort topkapı escort yenibosna escort zeytinburnu escort porno 1080p porno izle 4k porno izle 720p porno izle abella danger alman alman porno alman porno izle aloha tube porno amatör amatör porno amatör porno izle anal anal porno anal porno izle arap porno asa akira porno asyalı porno bangbros porno bangbros porno izle banyoda sikis başörtülü porno beeg porno izle beyaz tenli porno izle biseksuel porno izle bisexsuel porno brandi love porno brazzers brazzers porno izle canli porno canli porno izle çinli porno çinli porno izle ensest porno ensest porno izle ensest seks erotik porno erotik porno izle esmer porno esmer porno izle etek altı fake agent fake taxi fake taxi porno fantazi pornoları fantezi porno izle fetiş porno fetiş porno izle fetish fransız porno fransız porno izle full hd hg porno izle gangbang porno genç kız porno izle genç kız sikişi genç teen porno izle gizli çekim porno gizli çekim pornosu grup pornosu grup porno grup porno izle hd pornolar hd porno hd porno izle hemşire porno hemşire pornosu hizmetçi porno hizmetçi porno izle ingiliz porno japon pornoları japon porno kızlık bozma kızlık bozma porno izle konulu porno konulu porno izle koreli porno köylü pornoları kumral porno kumral porno izle latin pornoları latin porno latin porno izle lezbiyen pornoları lezbiyen porno lezbiyen porno izle lisa ann porno liseli pornoları liseli porno liseli porno izle manken porno manken porno izle masaj porno izle masturbasyon porno izle masturbasyon pornoları mature porno mia khalifa porno mia malkova porno milf porno izle mobil porno mobil porno izle öğrenci porno izle öğretmen porno izle okul porno izle olgun kadın pornosu olgun porno oral porno oral porno izle oral seks porna izle pornhub pornhub porno izle porno film izle porno indir porno izle porno resimler porno star porntube porno izle redtube redtube pornoları riley reid porno rokettube rus pornoları rus porno rus porno izle sakso blowjob porno izle sarışın pornoları sarışın porno sarışın porno izle sarışın pornoları sekreter porno shemale sikiş sikiş sikiş izle şişman porno siyahi pornoları suriyeli pornoları swinger porno tecavüz porno teen porn türbanlı pornoları türbanlı porno türk pornoları türk porno türk porno izle türkçe altyazılı porno türkçe altyazılı porno izle xhamster pornoları xhamster porno xhamster porno izle xnxx xnxx porno xnxx porno izle xvideos xvideos porno izle yaşlı porno yeşilçam porno izle youjizz youporn youporn porno izle zenci porno güvenilir bahis siteleri bahis siteleri casino deneme bonusu casino siteleri deneme bonusu para yatırma bonusu bahis siteleri casino siteleribahis sitesi para yatırma