ICICI Direct: Demand Revival Still Some Time Away For Ashok Leyland

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Ashok Leyland Ltd. reported a muted operational performance in Q1 FY21. Revenues came in at Rs 651 crore (down 88.5% YoY) but average selling prices rose to Rs 17.1 lakh per unit.ASPs appear optically high due to increase in proportion of other segment revenues in the overall sales mix for Q1 FY21.Total commercial vehicle sales volumes in Q1 FY21 were at 3,814 units (down 90% YoY) comprising medium and heavy commercial vehicle sales volume of 1,021 units (down 96% YoY) and light commercial vehicles sales volume of 2,793 units (down 78% YoY).Reported loss at the Ebitda level was at Rs 333 crore, with margin performance being heavily impacted by negative operating leverage. Consequent reported loss at the profit after tax level came in at Rs 389 crore, further impaired by a steep rise in interest costs..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Direct: Demand Revival Still Some Time Away For Ashok Leyland

ICICI Direct: Demand Revival Still Some Time Away For Ashok Leyland

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