Automobile company Ashok Leyland announced Q4FY22 results:
- Q4FY22:
- Ashok Leyland reported a revenue of Rs 8,744 crore as against Rs 7,000 crore for the same period last year; Revenue grew by 25% year on year.
- PBT for the quarter was at Rs 999 crore as against Rs 314 crore for the same period last year.
- PAT was at Rs 901 crore as against a Rs 241 crore in Q4 last year.
- Q4 EBITDA was at 8.9% as against 7.6% last year.
- FY22:
- Revenue for full year was at Rs 21,688 crore as against Rs 15,301 crore over the same period last year.
- PBT was Rs 528 crore as against a Loss before tax of Rs 412 crore last year.
- PAT was at Rs 542 crore as against a Loss after tax of Rs 314 crore last year.
- Full year EBITDA was at 4.6% as against 3.5% last year.
- Cash generated during the year was Rs 1,888 crore; Debt net of cash is at Rs 720 crore (Gearing 0.1 time)
Mr. Dheeraj Hinduja, Executive Chairman, Ashok Leyland Limited said, "We have seen recovery in Q4 FY'22 and the overall performance has been very good. The CV industry is on a recovery owing to the improvement in the macroeconomic environment and healthy demand from the end-user industries. The MHCV segment is leading the recovery riding on the back of growth in core sectors such as construction & mining, agriculture, increased capital outlay for infrastructure projects and pent-up replacement demand. The performance of our BS6 products have been very good and the introduction of CNG products has helped us regain our market share.
LCV volumes driven by increased demand for last mile connectivity, especially from the e-commerce segment is expected to grow further. The focus on Exports, Defence, Power Solutions and Parts businesses will ensure a balanced growth, even as we expand the reach and the products of our core MHCV business. We are keenly following the commodity prices, and the situation on the supply of semi-conductors and hope that both will ease.
We are very excited with the prospects of Switch and its future growth prospects in electric vehicles. This complements well with the further developments that Ashok Leyland is making across a spectrum of alternate fuels.
We are confident that we will deliver sustainable profitable growth going forward."
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