- Ashok Leyland‘s 4Q net income exceeds estimates with 9 billion rupees, which is a 20% increase year over year(y/y).
- The estimates were aiming at a net income of 8.4 billion rupees.
- The company’s revenue for the fourth quarter stands at 112.7 billion rupees, reflecting a 3.1% decrease y/y.
- The projected revenue estimate was slightly higher at 112.96 billion rupees.
- Total costs for Ashok Leyland this quarter were 99.1 billion rupees, this is a decrease of 6.5% y/y.
- Breaking down the costs, raw material costs amounted to 74.9 billion rupees.
- In terms of other income, the company reported 1.18 billion rupees, a significant increase from 389.2 million rupees y/y.
- The current market recommendation consists of 26 buys, 7 holds, and 9 sells reflecting the market sentiment towards the stock.
- All the comparisons made are based on values reported from the company’s original disclosures.
A look at Ashok Leyland Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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, Ashok Leyland‘s long-term outlook appears positive. The company received high scores in Dividend and Growth, indicating strong performance in these areas. This suggests that Ashok Leyland is likely to continue providing attractive dividend yields and show robust growth prospects in the future. Additionally, the solid Momentum score implies that the company has been demonstrating positive stock price trends recently.
However, Ashok Leyland has lower scores in Value and Resilience factors, which may indicate some room for improvement in terms of valuation and ability to withstand market volatility. Despite this, the overall outlook for Ashok Leyland seems promising based on its strong performance in Dividend, Growth, and Momentum according to the Smartkarma Smart Scores.
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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