Ashok Leyland, incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 54523.88 Crore) operating in Auto sector.
Ashok Leyland key Products/Revenue Segments include Commercial Vehicles, Spare Parts & Others, Sale of services, Engine & Gensets, Ferrous Castings, Scrap, Export Incentives, Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 9735.45 Crore, down -26.43 % from last quarter Total Income of Rs 13233.16 Crore and up 34.31 % from last year same quarter Total Income of Rs 7248.49 Crore. Company has reported net profit after tax of Rs 582.95 Crore in latest quarter.
Investment Rationale
Coming out of its range and any minor declines are being utilized as buying opportunity.
Promoter/FII Holdings
Promoters held 51.53 per cent stake in the company as of 30-Jun-2023, while FIIs owned 16.59 per cent, DIIs 20.79 per cent.
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