ashok leyland
Ashok Leyland Limited has reported a revenue of Rs. 7,000 Cr in Q4 FY '21 as against Rs. 3,838 Cr for the same period last year; Revenue grew by 82% year on year. PBT for the quarter was at Rs. 314 Cr as against of loss Rs. 72 Cr for the same period last year. PAT was at Rs. 241 Cr as against a loss Rs. 57 Cr in Q4 last year. Q4 EBITDA was at 7.6% as against 4.8% last year. The total MHCV industry volume had gone up by 66%.

During Q4 FY'21, year on year MHCV truck volumes for AL have grown at 111% which is better than the rate of growth of the industry. AL's MHCV truck market share for Q4 FY'21 has therefore improved to 28.9% vis-a-vis 27.6% in Q4 FY'20. Q4 consolidated revenue at Rs. 8,142 Cr is 60% higher than last year revenue of Rs. 5,088 Cr. Q 4 consolidated PAT is at Rs. 377 Cr which is 5.5 times higher than last year PAT of Rs. 58 Cr. Revenue for full-year was at Rs. 15,301 Cr as against Rs. 17,467 Cr over the same period last year. Loss before tax was Rs. 412 Cr as against a profit before tax of Rs. 362 Cr last year. Loss after tax was at Rs. 314 Cr as against a profit after tax of Rs. 240 Cr last year. Full year EBITDA was at 3.5% as against 6.7% last year. The total MHCV industry volume for the full year de-grew by 28%. Full year consolidated revenue at Rs. 19,454 Cr is 11% lower than last year revenue of Rs. 21,951 Cr. Consolidated Loss after tax is at Rs. 70 Cr when compared to a PAT of Rs. 460 Cr last year.

The challenges in the market due to COVID-19 impacted the volumes and performance of the company and industry in the first half of FY 2020-21, however, the company and the industry saw a healthy sequential recovery in the second half of FY 2020-21, post the gradual removal of the lockdown. Sequentially, over Q3 FY '21, MHCV truck volumes for AL have grown by 57% in Q4 FY'21 which was higher than the industry growth of 53%, thereby resulting in market share improvement of 0.8% (28.9% in Q4 Vs 28.1% in Q3).

This performance was backed by the successful AVTR range - India's first modular truck platform which was launched in June '20. The AVTR platform gives customers a choice to customize their truck as per their unique requirements. The platform has been delivering best-in-class total cost of ownership across segments which has been widely appreciated by customers.

LCV volume for Q4 FY'21 at 17,042 nos. is 112% higher than last year volume of 8,057 nos. The Bada Dost launched in September '20 has clocked good volumes with more than 4,550 vehicles having been sold in Q4 FY'21. On a full-year basis, LCV domestic volumes for AL have grown by 4% at 46,671 nos. (LY 44,912 nos) bucking the industry trend. LCV truck volumes for the industry de grew by about 11½%. Despite the pandemic situation, Q4 MHCV & LCV exports at 3,164 nos. have grown by 40% over Q4 last year (2,255 nos.). On a full year basis our export volumes at 8,001 nos. is lower than last year (8,920 nos.) by 10%.

Vipin Sondhi, MD & CEO at Ashok Leyland Limited said, "We have seen a recovery in Q4 FY'21 and the overall performance has been better. However, with the sudden onset of the second wave, the challenges for the industry continues. We are better prepared this time. With India's GDP poised to grow at 9.5% in FY'22, it augurs well for the CV industry. At Ashok Leyland, we remain rock solid and resilient, driven by our Newgen products and a talented team we are confident that we will come out stronger once demand picks up. This will help us deliver profitable growth".
CICEE 2023 Spring Symposium held in Beijing
The Organizing Committee of the Changsha International Construction Equipment Exhibition (CICEE) held a Spring Symposium in Beijing. Representatives and experts from various national business associations, such as the China Construction Industry Association

Read more ...

King Willem-Alexander Opens New ELEO Battery Facility
His Majesty King Willem-Alexander of the Netherlands officially opened ELEO's new battery facility with a ceremonial unveiling using an electric excavator. The event, which took place at the Automotive Campus in Helmond, Netherlands, was attended

Read more ...

Kohler celebrates 150 years of bold moves, creativity & impact
Kohler Co., a company founded in 1873, is known for its innovative products for kitchen and bath spaces, energy-efficient solutions, luxury hospitality experiences, and championship golf. The company's teams of creative designers are the driving force

Read more ...

BRO to build 135-km Chushul –Demchok highway along LAC
The Border Roads Organisation (BRO) has recently invited bids for the construction of the 135 km long Chushul-Dungti-Fukche-Demchok highway, also known as the CDFD road along the Line of Actual Control (LAC) starting from Chushul to Demchok matching to

Read more ...

NHAI floats tender for ₹952-cr Ambala RR project
The National Highways Authority of India (NHAI) has floated a tender for the construction of a 22.5-km long stretch, which is a part of the Phase-II of the Ambala ring road project aimed at decongesting the traffic scenario in and around Ambala city

Read more ...

Railway unveils elevated inter-city semi-high-speed trains
Indian Railways is planning to construct intercity elevated semi-high-speed tracks for passenger trains on popular routes such as Delhi-Jaipur, Mumbai-Pune, Bangalore-Chennai, and Delhi-Amritsar via Chandigarh. The project, which is expected to cost

Read more ...

CMRL secures CRZ clearance for Metro-3 Corridor
Chennai Metro's Corridor-3 has received clearance from the Ministry of Environment, Forest and Climate Change's expert appraisal committee for the construction of portions on the 45.8km route, from Madhavaram Milk Colony to Siruseri Sipcot. The

Read more ...

NHAI takes over ₹500-cr Kullu-Naggar-Manali Left Bank Road project
The National Highways Authority of India (NHAI) has taken over the construction work of double-lanning the 38-km long Kullu-Naggar-Manali left bank road from the state Public Works Department (PWD). The project, which will involve an investment

Read more ...

IRB Infrastructure secures ₹909-cr road project in Tamil Nadu
IRB Infrastructure Developers has announced that it has secured a road project worth ₹909 crore in Tamil Nadu, in the southern region of the country. The company will build the project using the Hybrid Annuity Model and has received an appointed date from

Read more ...

Vasavi Group unveils 8.5m sqft gated community project in Hyderabad
The Vasavi Group has launched a new gated community project in Hyderabad, named Ananda Nilayam. The project will consist of 11 towers with 33 floors each, located opposite the LB Nagar Metro Station on the outskirts of the city. The project will span

Read more ...

MoRTH plans ₹2,000-cr highway upgrade in MP
The Union Transport Minister has announced the construction of a 105-km long, four-lane greenfield road from Bamitha to Satna. The project will require an investment of ₹2,000 crore. This road will greatly boost tourism in the areas surrounding Tikamgarh

Read more ...

ADB approves ₹1,066-cr for JNPT terminal upgrades
The Asian Development Bank (ADB) and Nhava Sheva Freeport Terminal Private Limited (NSFTPL) have signed a loan agreement worth USD 131 million (equivalent to ₹1,066 crore) to upgrade the Jawaharlal Nehru Port Container Terminal in Navi Mumbai

Read more ...

NHAI invites bids for ₹1180.83-cr Atal Progressway in MP
The National Highways Authority of India (NHAI) has invited bids for the construction of a four-lane, access-controlled greenfield Atal Progressway (Chambal Expressway) in the Morena district of Madhya Pradesh. The project will be executed under the

Read more ...

DMRC plans pedestrian subway to improve airport accessibility
The Delhi Metro Rail Corporation (DMRC) plans to construct a pedestrian subway to connect the Aerocity Metro Station with the nearby Mahipalpur area, improving accessibility to Indira Gandhi International Airport. The 270-meter-long subway will pass

Read more ...

Elevated road with flyovers planned to alleviate congestion on South Delhi's Ma Anandmayee Marg
The Public Works Department (PWD) in South Delhi is planning to construct an elevated road with flyovers along the Ma Anandmayee Marg, which connects Kalkaji Mandir on the Outer Ring Road to the Mehrauli-Badarpur Road at the Lal Kuan T-point. The 5.5 km-long

Read more ...

Union Minister inaugurates 28 NH Projects worth Rs 6,800-cr in MP
Union Minister Nitin Gadkari has inaugurated 28 national highway projects worth Rs 6,800 crore in Orchha, Madhya Pradesh. The projects have a total length of 550 km. The Minister for Road Transport and Highways stated that the construction of

Read more ...

MoRTH to build ₹6,000-cr OFC infra along highways
'The Union Ministry of Transport plans to invest over ₹6,000 crore to develop an Optical Fiber Cable (OFC) infrastructure along 25,000 km of national highways in the next few years. The ministry has already invited tenders for the development of OFC

Read more ...

New Noida Economic Hub to be Built Along Eastern Peripheral Expressway
The Uttar Pradesh government, in partnership with the Centre, is focusing on building a new economic hub in Noida-Greater Noida, known as New Noida. This area will be located on either side of the Eastern Peripheral Expressway and will feature two

Read more ...

DMRC takes over general consultancy of Jaipur Metro
The Delhi Metro Rail Corporation (DMRC) has been appointed as a general consultant for the two upcoming corridors of the Jaipur Metro. The move is aimed at ensuring the quality and timely completion of the projects. DMRC has previously been

Read more ...

MoRTH lines up ₹12,600-cr road infra projects in Gujarat
The Union Transport Ministry has announced a significant allocation of funds worth ₹12,600 crore for the construction of roads, bridges, and logistics parks in Gujarat. The central government will provide an additional ₹6,000 crore for the development

Read more ...

×
Sign-up for Free Subscription
'India Construction Week'
Weekly e-Newsletter on Construction Industry
Get the latest news, product launches, projects announced / awarded, government policies, investments, and expert views.
Click here to subscribe.