Earnings Alerts

Ashok Leyland (AL) Earnings: June Vehicle Sales Drop to 14,940 Units, a 1.8% Y/Y Decline

  • Ashok Leyland sold 14,940 vehicles in June 2024.
  • Vehicle sales decreased by 1.8% compared to June 2023, which saw sales of 15,221 units.
  • Local sales accounted for 14,261 vehicles in June 2024.
  • Local sales slightly decreased by 0.7% year-over-year.
  • Sales overall declined by 2% compared to the previous year.
  • Current analyst recommendations for Ashok Leyland stock include 29 buys, 7 holds, and 8 sells.
  • All comparisons are based on values reported by the company’s original disclosures.

A look at Ashok Leyland Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth5
Resilience2
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores analysis, Ashok Leyland has a promising long-term outlook. With high scores in Dividend and Growth, the company is well-positioned to provide steady returns to its investors while also showing potential for expansion. The company’s strong focus on dividends indicates a commitment to rewarding its shareholders, while its high Growth score suggests opportunities for future development and profitability.

However, Ashok Leyland‘s lower scores in Value and Resilience indicate areas where the company may face challenges. The Value score suggests that the current market price may not fully reflect the company’s intrinsic value, potentially limiting immediate investment opportunities. Additionally, the Resilience score highlights concerns around the company’s ability to withstand economic downturns or industry challenges. Despite these issues, the company’s overall outlook remains positive, supported by its strong performance in Dividend and Growth.

Summary: Ashok Leyland Limited is a manufacturer of medium and heavy duty commercial vehicles, including a wide range of products such as buses, tractors, and defense sector vehicles. In addition to vehicles, the company also produces industrial & marine engines, ferrous castings, and spare parts for automobiles. Ashok Leyland operates in both the domestic market in India and internationally, providing a diverse revenue base.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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