NEWS

Ashok Leyland, flagship of the Hinduja Group, registered a revenue growth of 39%

By Truckingnewsindia.com
Date: Jun 14 , 2016

Chennai : Ashok Leyland, flagship of the Hinduja Group, registered a 39% increase in turnover at Rs. 18,822 crores, as against Rs. 13,562 crores, same period last year. Net profit for the year of FY 2015-16 stood at Rs. 722 crores, as against Rs. 335 crores, same period last year.  

An increase in sales volume, healthy margins and a good product mix, helped earnings before interest; tax and depreciation (EBITDA) grow to Rs. 2,166 crores, 11.5% of total revenue, against Rs. 1,027 crores, 7.6% of total revenue for the corresponding period last year.

For Q4 FY 2015-16, net profit stood at Rs. 77 crores compared to a profit of Rs. 230 crores, same period last year, while revenues increased 32% to Rs. 5,955 crores, against Rs. 4,506 crores, same period last year.

EBITDA for Q4 FY 2015-16, (earnings before interest, tax and depreciation) is Rs. 753 crores, 12.6% of total revenue, against Rs. 457 crores, 10.1% for Q4 last year.

Sales volume in Medium and Heavy Commercial Vehicles (M&HCV) in domestic market stands at 98,809 vehicles (66,442 nos.) for the current fiscal, resulting in growth in market share to 32.7%. Total volume for Light Commercial Vehicles (LCV) is 30,695 (27,242 nos.), while international operations for MHCVs degrew by 2%. Defence vehicles registered healthy growth.

The board has recommended a dividend of 95% per share translating to 95 paise per share.

Speaking on the occasion, Mr. Vinod K. Dasari, Managing Director, Ashok Leyland, said, “It has been a successful and fulfilling year for us. All our efforts over the last year in pruning costs while at the same time investing in new products and network have helped us transform the company. We are now poised to seize the opportunity the market presents in the immediate future.

All this has been achieved with the valued support of our suppliers and dealers who have taken us from strength to strength. While we strengthened our presence across the country the year also witnessed our expanded presence across the globe.

In line with our brand promise and business philosophy of Aapki Jeet, Hamari Jeet, we have maintained our focus on customer and stakeholder value creation.

I’m quite proud of my colleagues who came together to support and provide succor during the Chennai floods notwithstanding the fact that many of them had to face challenges themselves. Our focused CSR initiatives have further strengthened our commitment to the larger society.  Look forward to the forthcoming years with excitement and confidence.”

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