Share value of Ashok Leyland gained three% in early commerce right now after the Hinduja Group flagship agency reported a 92.31 p.c decline in consolidated web revenue in This fall. Ashok Leyland share value gained three.64% to Rs 55.50 in opposition to earlier shut of Rs 53.55 on BSE. Later, the share slipped into crimson and was buying and selling 1.77% decrease at Rs 52.60 on BSE.
Whole 20.62 lakh shares modified fingers amounting to turnover of Rs 11.16 crore .
The inventory has misplaced 5% in three days. The mid cap inventory has misplaced 38% throughout final one 12 months and fallen 34.85% because the starting of this 12 months. In a single month, the inventory has climbed 22.07%. Market cap of the agency stood at Rs 15,235 crore.
Ashok Leyland share value hit a 52-week excessive of Rs 91 on July three, 2019 and 52-week low of Rs 33.70 on March 25, 2020. The share trades larger than 20 day and 50 day shifting averages however decrease than 5 day, 100 day and 200 day shifting averages
Consolidated web revenue in This fall stood at Rs 57.78 crore in opposition to web revenue of Rs 751.71 crore in the identical quarter of earlier fiscal. Income from operations fell to Rs 5,088.04 crore in This fall in opposition to Rs 9,874.04 crore within the year-ago interval.
In final fiscal, the agency posted a consolidated web revenue of Rs 459.80 in comparison with Rs 2,194.60 crore in 2018-19. Income from operations in FY20 stood at Rs 21,951.27 crore in opposition to Rs 33,196.84 crore in FY19.
“This has been a difficult 12 months for the business, which witnessed a major decline in volumes (of 42 p.c). Consequently, Ashok Leyland additionally noticed a discount in quantity,” Ashok Leyland Managing Director and CEO Vipin Sondhi stated.
“Regardless of the drop within the volumes, we’ve got been in a position to obtain an EBITDA of 6.7 p.c owing to the pan-company efforts to drive profitability, ” Sondhi added.
Read More Business News
