Ashok Leyland This autumn revenue slips 12% at Rs 653 crore, Auto Information, DFL
The corporate posted Rs 743 crore standalone revenue in This autumn 2018, as per a regulatory submitting.
Income from operation dipped paltry by 0.75 per cent at Rs 8,846 crore within the final quarter of FY’19 as in comparison with Rs 8,780 crore in the identical interval yr in the past.
Through the interval beneath evaluate, firm’s MHCV market share was up at 36.9 per cent as towards 35.1 per cent final yr and quantity for LCV elevated by Eight per cent at 15,502 models.
Dheeraj Hinduja, Chairman, Ashok Leyland Restricted stated, “I’m happy that now we have been in a position to preserve our market share regardless of aggressive pressures and be worthwhile within the face of rising prices of enter supplies and regulatory modifications. Our LCV programme continues its successful streak. We’re nicely on our method to profitable introduction of B5 6 and along with a variety of merchandise deliberate throughout the spectrum in FY ’21, I’m assured of sustaining the present development momentum. Within the medium time period, we imagine this sector holds sturdy potential which is essential to the expansion of the economic system.”
In FY’19, firm reported a income of Rs 29,055 crore, up 9 per cent, towards Rs 26, 633 crore in earlier yr. Its revenue elevated by 15.four per cent at Rs 1, 983 crore in the identical fiscal.
Gopal Mahadevan, Chief Monetary Officer, Ashok Leyland added, “We’ve got grown our market share in each vehicles and buses within the fourth quarter and can proceed to concentrate on the dual engines of development and profitability. We proceed to be internet money constructive on the yr finish with over Rs.700 crores of money.”