The news came up from one of the famous Indian commercial vehicle named Ashok Leyland. The share price of the company climbs to more than 6% on the trading day of Tuesday. Another good news or you can say that the factor behind this climb is, Ashok Leyland is reporting good revenues than they are expected for the quarter which is ended on June.

 

 

In the previous session also the stocks are seen 5% rebounded. The reason behind this is the Ashok Leyland increases the load capacity of vehicles. As the company is providing vehicles for carrying the load, so it becomes their primary benefit decision.

Not profit for this quarter which was ended on June 30 is increased up to Rs 370 crore. In 2017 the same session was only adjusted to create just Rs 111.2 crore. In 2017 the company has higher tax cost which was backed by the revenue created by the excellent operational performance.

Reports of this year stated that, revenue from the firm operation hikes by 46.8%. The amount that the firm gets in the form of income from operation is Rs 6250 crore. Apart from this, the realization for the session is Rs 14.83 lakh per unit. Which was recorded Rs 14.88 in 2017?

 

 

Another interesting fact is that the realization of both the year is very much constant despite higher cost and raw material cost.
If we talk about the trends of the company, let’s talk about the revenues from the operational front. Company’s earnings before deducting the interest, tax, depreciation, and amortization show the results towards the betterment. It is about Rs 647.5 crore which is double than the last year of only Rs306.1 crore. The data displayed here is for the session Q1FY19.

Experts examine that the company can get the profit of worth Rs 350 crore from the revenue of Rs 6300 crore. While the analyst examines the net profit of around Rs 600 crore after paying all the expenses.

 

 

Tax expenses for this quarter are Rs 156.6 crore. It is 136.5% more than the tax expenses of the previous year. The share price for the company on Tuesday is at Rs 128.40 o the Bombay stock exchange.