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Home INTERNATIONAL Ashok Leyland declines for fifth straight day on weak Q4 benefits

Ashok Leyland declines for fifth straight day on weak Q4 benefits

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Shares of Ashok Leyland have been buying and selling lessen for the fifth straight day, down 2 for every cent at Rs 47.30 on the BSE on Tuesday. The stock has slipped 16 per cent in a single 7 days on weak benefits for the quarter ended March 2020 (Q4FY20).&#13
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Ashok Leyland, the flagship enterprise of the Hinduja Group, noted a internet loss of Rs 57 crore in Q4FY20 because of to lessen revenue on account of the fall in volumes. The professional auto producer had posted a net profit of Rs 806 crore in Q4FY19.&#13
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The company’s revenue through the quarter underneath evaluation declined by 57 per cent to Rs 3,838 crore in opposition to Rs 8,846 crore in the corresponding quarter of earlier fiscal. EBITDA (earnings right before interest, taxes, depreciation, and amortisation) margins contracted sharply to 4.8 for every cent from 11.1 for every cent in the yr-back quarter.&#13
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The domestic medium and major business vehicle (MHCV) business has been in a downturn because November 2018, and FY20 has been the worst calendar year in the earlier 20 several years. Analysts at Emkay World Financial Products and services count on a revival by FY21 finish, led by a low base, replacement demand, and gradual pickup in economic exercise.&#13
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“In the previous three up-cycles, the regular period of positive advancement has been 4 a long time, and least advancement from trough to peak is 90 per cent. Ashok Leyland is very likely to acquire share from 32 per cent in FY20 to 33 for every cent in FY22E, led by new solutions, solid exposure to over the 25T segment, and continuing focus on community expansion,” the brokerage firm said in consequence update.&#13

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