Ashok Leyland, flagship of the Hinduja Group, registered healthy growth for the second quarter and first half-year of FY 2015-16.
Results for Q2 FY 2015-16:
– Revenues increased 53.5% to Rs. 4,940 Cr, against Rs. 3,218 Cr, same period last year
– Net profit stood at Rs. 287 Cr, against Rs. 121 Cr, same period last year
– EBITDA was Rs. 594 Cr (12.0% of total revenue), against Rs. 229 crores (7.1% of total revenue), same period last year
– Sales volume in Medium and Heavy Commercial Vehicles (M&HCV) stood at 29884 Nos (18207 nos)
– Volume for Light Commercial Vehicles (LCV) was 7497 Nos (7172 nos)
Results for H1 FY 2015-16:
– Revenue increased 54% to Rs. 8,781 Cr, against Rs. 5,695 Cr, same period last year.
– Net profit stood at Rs. 446 Cr against Rs. 73 Cr, same period last year.
– EBITDA was Rs. 983 Cr (11.2% of total revenue), against Rs. 329 Cr (5.8% of total revenue), same period last year.
– Sales volume in Medium and Heavy Commercial Vehicles (M&HCV) stood at 51337 Nos (33115 nos)
– Volume for Light Commercial Vehicles (LCV) was 14198 Nos (12204 nos)
Speaking on the results, Mr. Vinod K. Dasari, Managing Director, Ashok Leyland, said: “The market for commercial vehicles is back after a long period of downturn. Our brand commitment of ‘Aapki Jeet, Hamari Jeet’, or ‘In your success lies our success’, ensures that we are always customer focused – from product design, to network growth, and service capability. This relentless focus on customer profitability is the primary reason behind the good results. A continued focus on cost control and reigning-in of discounts also helped”.
