Ashok Leyland shares in focus after Q3 profit surges 36% YoY. Should you buy, sell, or hold?
Ashok Leyland shares will remain in focus on Thursday after the company reported a 36% growth in its consolidated net profit for the December quarter, reaching Rs 762 crore, compared to Rs 560 crore in the same period last year.
The Q3FY25 revenue from operations stood at Rs 11,995 crore, an increase of over 8% from Rs 11,066 crore reported in the corresponding quarter of the previous financial year.
The profit after tax (PAT) advanced 8% on a sequential basis versus Rs 706 crore posted by the automobile company in Q2FY25, while the topline increased by 7.6% on a quarter-on-quarter (QoQ) basis against 11,148 crore reported in the July-September quarter.
The Indian flagship of the Hinduja Group reported an all-time high in Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) of Rs 1,211 crore, up 12.8% from Rs 1,114 crore in Q3 FY24, registering double-digit percentage growth in EBITDA for the 8th consecutive quarter, according to the company's filing.
The company achieved export volumes of 4,151 units in Q3 FY25, compared to 3,128 units in the same period last year, registering a growth of 33%.
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