Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 21590.80 Crore) operating in Auto sector.
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 1480.16 Crore, down 70.91 % from last quarter Sales of Rs 5088.04 Crore and down 77.28 % from last year same quarter Sales of Rs 6514.73 Crore. The Company reported net profit after tax of Rs -385.85 Crore in latest quarter.
AL is scaling up its non-truck businesses to mitigate the impact of business cyclicality and earnings volatility. These businesses include spare parts, exports, LCV, defense and power solutions.. AL has reiterated its focus on diversifying revenue and building a lean business model to better withstand current and future downturns. AL’s electric vehicle thrust is likely to drive most of the EV bus sales volume in the upcoming financial years.
Promoters held 51.5 per cent stake in the company as of June 30, 2020, while FIIs held 15.7 per cent, DIIs 14 per cent and public and others 18.8 per cent.
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