Ashok Leyland Q2 Results Live : Ashok Leyland declared their Q2 results on 08 Nov, 2024, reporting a mixed performance with a topline decrease of 2.46% year-over-year, while profit surged by 34.15%. Compared to the previous quarter, revenue showed a positive growth of 3.95%, and profit climbed by 38.59%.
The company faced an increase in selling, general, and administrative expenses, which rose by 9.06% quarter-on-quarter and 11.76% year-over-year. Despite these rising costs, operating income improved, up by 9.52% from the last quarter and also increased by 11.76% year-over-year.
Earnings per share (EPS) for Q2 stood at ₹2.4, reflecting a significant increase of 35.33% year-over-year. This positive growth in EPS indicates strong profitability amidst the challenges faced in revenue generation.
In terms of stock performance, Ashok Leyland has delivered a 3.71% return in the last week, 10.92% return over the past six months, and an impressive 18.92% year-to-date return. The company’s market capitalization currently sits at ₹63,397.46 Cr, with a 52-week high of ₹264.65 and a low of ₹157.55.
As of 09 Nov, 2024, the consensus among analysts is cautiously optimistic. Out of 37 analysts covering the company, there are 2 Strong Sell ratings, 6 Sell ratings, 2 Hold ratings, 17 Buy ratings, and 10 Strong Buy ratings, suggesting a consensus recommendation to Buy.
