Ashok Leyland - Decent Q2FY24; Multiple Levers to Grow EBITDA Margins
Ashok Leyland’s Q2FY24 numbers stood slightly below ours and consensus estimates. Revenue grew by 17%/18% YoY/QoQ, a 2.4% miss vs. our estimate on...
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Ashok Leyland - Channel Check Suggests MHCV Demand Holding Up
AL’s growth strategy is to penetrate the traditionally weak North and East regions, grow in the Central region and defend its market leadership in...
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Pick of the Week - Ashok Leyland - 23 AUG 2023
Ashok Leyland (AL), flagship of the Hinduja Group, is the 2nd largest manufacturer of commercial vehicles (CV) in India, 3 rd largest manufacturer...
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Ashok Leyland - Gross Margin Drives Beat; Maintain BUY
Ashok Leyland reported robust Q1FY24 numbers on a YoY basis (In Q4FY23, sales volumes were significantly higher due to pre-buying ahead of the OBD...
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Top Sector Ideas - Auto and Auto Ancillaries - Q2FY24 Review
The companies under our coverage reported Revenue/EBITDA/PAT growth of 16%/49%/56% YoY against expectations of 17%/41%/50%.
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