Shares of the Indian flagship of the Hinduja Group and a global manufacturer of commercial vehicles surged nearly 1.5 percent on Monday, after the company’s Board approved the proposal for the issuance of bonus shares.
With a market cap of Rs. 70,065.5 crores, at 10:19 a.m., the shares of Ashok Leyland Limited were trading in the red at Rs. 238.6, down by nearly 0.4 percent on BSE, as compared to its previous closing price of Rs. 239.6. The stock has delivered positive returns of more than 14 percent YTD, and has gained by nearly 5 percent in the last one month.
What’s the News
As per the latest regulatory filings with the stock exchanges, the Board of Directors of Ashok Leyland Limited, at its meeting held on May 23, 2025, approved the issuance of Bonus Shares in the ratio of 1:1, subject to shareholder approval. This follows two interim dividends declared for FY25, amounting to 625 percent, or Rs. 6.25 per share.
The Board approved the issuance of bonus equity shares in the ratio of 1:1, meaning shareholders will receive one bonus equity share of Rs. 1 each for every fully paid-up equity share of Rs. 1 each held as of the Record Date.
Financial Performance
Ashok Leyland reported a marginal growth in consolidated revenue from operations, experiencing a year-on-year increase of nearly 8 percent, rising from Rs. 13,542 crores in Q4 FY24 to Rs. 14,696 crores in Q4 FY25.
Similarly, during the same period, the company’s net profit increased by around 33 percent YoY from Rs. 934 crores to Rs. 1,246 crores. The company’s Power Solutions and Defence businesses posted strong growth, with the overall robust performance fueled by exceptional contributions across all business segments and further reinforced by the solid support of its subsidiaries.
About the Company
Ashok Leyland Limited, one of the top 5 largest manufacturers of buses in the world and India’s largest bus manufacturer, is primarily engaged in the business of manufacturing and sale of a wide range of commercial vehicles, along with manufacturing engines for industrial and marine applications, forgings and castings. Additionally, Switch Mobility Automotive Limited (SWITCH) is a step-down subsidiary of the company, engaged in manufacturing and dealing in Electric Vehicles (EVs).
Written by Shivani Singh
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