Shares of the Indian flagship of the Hinduja Group and a global manufacturer of commercial vehicles surged nearly 3.4 percent on Tuesday. The surge followed the announcement that the company’s Board meeting, scheduled to approve the financial results for Q4 FY25, will also consider a proposal for the issuance of bonus shares.
With a market cap of Rs. 71,445.7 crores, at 12:53 p.m., the shares of Ashok Leyland Limited were trading in the green at Rs. 243.15, up by nearly 1 percent on BSE, as compared to its previous closing price of Rs. 241.4. The stock has delivered positive returns of more than 16 percent YTD, and has gained by nearly 9 percent in the last one month.
What’s the News
According to the latest regulatory filings with the stock exchanges, a Board meeting is scheduled to be held on 23rd May 2025 to consider the standalone and consolidated audited financial results for the financial year ended 31st March 2025, among other matters. In addition, during the meeting on 23rd May 2025, the Board of Directors may also consider the proposal for the issuance of Bonus shares, subject to the necessary approvals.
Earlier, on 17th May, Ashok Leyland also declared a second interim dividend of Rs. 4.25 per equity share of face value Rs. 1, for the financial year ended 31st March 2025.
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. 11,093 crores in Q3 FY24 to Rs. 11,995 crores in Q3 FY25. Similarly, during the same period, the company’s net profit increased by around 35 percent YoY from Rs. 609 crores to Rs. 820 crores.
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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