Ashok Leyland has declared an interim dividend of ₹2 per equity share for the fiscal year 2024-25, with the payment scheduled to be made on or before December 7, 2024. The record date to determine eligibility for this dividend is set for Tuesday, November 19, 2024.
The company also reported robust financial results for Q2 FY25, emphasizing increased revenue and profitability:
- Revenue from Operations: ₹11,147.58 crore, reflecting a QoQ increase from ₹10,696.80 crore in Q1 FY25 and a slight YoY decrease from ₹11,416.66 crore in Q2 FY24.
- Adjusted Net Profit: ₹653 crore, accounting for a one-time gain of ₹117 crore.
- Profit Before Tax (PBT): ₹1,078.06 crore, marking a strong improvement from ₹927.31 crore in Q2 FY24.
- Total Expenses: ₹10,314.14 crore, up from ₹9,994.97 crore in Q1 FY25 due to increased operational costs.
- EBITDA Margin: Maintained stability, showcasing Ashok Leyland’s cost control measures and efficient operations.
Ashok Leyland’s performance reflects its commitment to boosting profitability through operational efficiency and favorable market positioning, supported by a one-time gain that enhanced the overall profit for this quarter.
