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Dheeraj Hinduja, Chairman of Ashok Leyland Limited, expressed optimism about the industry's short to medium-term outlook, driven by the expected strong growth of the Indian economy.
Ashok Leyland Q4 FY22 Results: Key Highlights
Ashok Leyland, a leading commercial vehicle manufacturer, reported a 17% increase in net profit, reaching INR 934 crore in the fourth quarter ending March 31, 2022, up from INR 799 crore in the same period the previous year.
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Key Highlights:
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Revenue Growth: Revenue from operations surged by 24%, totaling INR 8,646 crore in Q4 FY22, compared to INR 6,975 crore in Q4 FY21.
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EBITDA Margin: The EBITDA margin improved by 130 basis points, reaching 9.3% in Q4 FY22, up from 8% in Q4 FY21.
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Dividend Announcement: The board has proposed a dividend of INR 5.50 per share for FY22.
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Vehicle Sales: Total vehicle sales increased by 15%, with 76,131 units sold in Q4 FY22, compared to 66,167 units in Q4 FY21.
Management Comments:
Dheeraj Hinduja, Executive Chairman of Ashok Leyland, remarked, "Despite the challenges of the ongoing pandemic and semiconductor shortages, the company has delivered a strong performance in Q4 FY22."