Commercial Vehicles company Ashok Leyland announced Q4FY23 & FY23 results: Q4FY23: Revenue of Rs 11,626 crore in Q4FY23 compared to Rs 8,744 crore for Q4FY22; grew by 33% YoY Operating PBT for Q4FY23 was at Rs 1,068 crore vs Rs 528 crore for Q4FY22 PAT was at Rs 751 crore as against a Rs 901 crore in Q4FY22 EBITDA was at 11.0 % as against 8.9% in Q4FY22 Ashok Leyland's truck market share for Q4FY23 has improved to 32.7% vs 30.6% in Q4FY22 Bus market share for Q4FY23 has improved to 27.1% as against 26.4% for Q4FY22 Ashok Leyland's domestic LCV volumes grew by 18% in Q4FY23 to 18,840 no's (15,971 nos) Cash generated during Q4FY23 was Rs 2,287 crore and net cash surplus was 243 crore as against a net debt of Rs 720 crore for Q4FY22 FY23: Revenue for FY23 was at Rs 36,144 crore vs Rs 21,688 crore in FY22 Operating PBT was Rs 2,026 crore as against Rs 17 crore in FY22 PAT was at Rs 1,380 crore as against a profit of Rs 542 crore in FY22 Full-year EBITDA was at 8.1% as against 4.6% in FY22 Despite geopolitical headwinds, on a full-year basis our export volumes are at 11289 nos. which was higher than last year (11,014 nos.) by 2%. The Directors have recommended a dividend of Rs 2.60 per equity share of Re 1 each for FY23 Dheeraj Hinduja, Executive Chairman, Ashok Leyland said, "The CV industry is buoyant due to favourable macroeconomic factors and healthy demand from the end-user industries. This trend is expected to continue alongside growth in core sectors such as construction & mining, agriculture, the increased capital outlay for infrastructure projects, and pent-up replacement demand. The focus on International Operations, Defence, Power Solutions, and Parts businesses will continue to balance the volatility of our core business. With momentum gradually picking up in electric vehicles, Switch Mobility is well poised to complement the developments at Ashok Leyland across a spectrum of alternate propulsion systems. At Ashok Leyland we are driven by our brand philosophy of "Koi Manzil Door Nahin" and we remain confident as ever that we will deliver sustainable and profitable growth going forward with our Newgen products and strong customer focus." Shenu Agarwal, Managing Director & CEO, Ashok Leyland, said, "It has been a truly wholesome performance. We have been able to achieve growth in market share, across geographies and across product segments, along with significant improvement in our profitability. All this demonstrates our strong fundamentals - a competitive and wide product portfolio, a strong and widespread network, and a talented and passionate team. While we shall continue to pursue better realisations even as we expand market share, our resolute focus shall remain on bringing deeper efficiency and cost improvement. We have generated close to INR 2287 crore of cash this quarter owing to better profits and focused management of working capital, which gives us ability to further accelerate our investment in future products and technologies." Result PDF