Wed, Feb 17, 2021
Ashok Leyland share price has trebled since April-2020 outperforming Nifty-50 by 130% as the confidence on truck recovery gathered pace. Jefferies believes the stock still holds potential for healthy returns given the truck industry is at the very early stage of an up-cycle. Ashok Leyland’s Q3 EBITDA rose 13% YoY, first growth in 2Y, but was 30% below Jefferies estimate.
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Mon, Feb 15, 2021
Ashok Leyland Q3 FY21 results were below expectations, mainly due to lower than-expected recovery in EBITDA margins. Net revenue grew by 19.9% yoy to Rs 4814 cr in Q3 FY21, led by 7.1% growth in volumes and 11.9% growth in average realisations. Ashok Leyland reported EBITDA margin contraction of 33 bps yoy at 5.3% for the Q3 FY21, which was lower by 233 bps from Sharekhan's expectations.
Tue, Nov 08, 2016
Last week, the company had said that it has registered 28% rise in the sales during the month of October.
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