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Ashok Leyland net profit

Ashok Leyland share price has trebled since April-2020, outperforming Nifty-50 by 130%: Jefferies retains Buy with revised price target of Rs 150

Ashok Leyland share price has trebled since April-2020, outperforming Nifty-50 by 130%: Jefferies retains Buy with revised price target of Rs 150

Wed, Feb 17, 2021

Ashok Leyland share price has trebled since April-2020 outperforming Nifty-50 by 130% as the confidence on truck recovery gathered pace. Jefferies believes the stock still holds potential for healthy returns given the truck industry is at the very early stage of an up-cycle. Ashok Leyland’s Q3 EBITDA rose 13% YoY, first growth in 2Y, but was 30% below Jefferies estimate.

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Ashok Leyland share price: Sharekhan reiterates Buy rating with a revised price target of Rs 151

Ashok Leyland share price: Sharekhan reiterates Buy rating with a revised price target of Rs 151

Mon, Feb 15, 2021

Ashok Leyland Q3 FY21 results were below expectations, mainly due to lower than-expected recovery in EBITDA margins. Net revenue grew by 19.9% yoy to Rs 4814 cr in Q3 FY21, led by 7.1% growth in volumes and 11.9% growth in average realisations. Ashok Leyland reported EBITDA margin contraction of 33 bps yoy at 5.3% for the Q3 FY21, which was lower by 233 bps from Sharekhan's expectations.

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Ashok Leyland reports 71% jump in net profit; shares soars

Ashok Leyland reports 71% jump in net profit; shares soars

Tue, Nov 08, 2016

Last week, the company had said that it has registered 28% rise in the sales during the month of October.

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