By Tricitynews Reporter
Chandigarh
08th November:- Ashok Leyland, flagship of the
Hinduja Group, reported revenues of Rs. 6,046.89 Cr, against Rs. 4622.41 Cr (excluding
excise duty), same period last year, an increase of 31%. The export volumes
grew by 39 % in the quarter.
The company achieved 10.1% EBITDA
margin in Q2 and has registered a double-digit EBITDA margin in 10 out of the
past 11 quarters.
Ashok Leyland was recognized amongst
the top 40 Indian brands in the Best Indian Brand ranking published by Inter
Brand. Ashok Leyland, Hosur has been conferred the 2017 Deming Prize for
successful implementation of Total Quality Management.
Vinod
K. Dasari, Managing Director, Ashok Leyland Limited said
that it has been a satisfying performance. Despite all the challenges,
our robust market share growth exemplifies the technological leadership of
Ashok Leyland. Our iEGR technology for BS-IV has been well accepted by customers.
To support the rapidly growing network of customers, we have invested in the
digital market place to enhance our customer’s efficiency, performance, and
profitability through various means of “anytime, anywhere” support for their
vehicles. Winning the Deming Prize second time is a testimony of our quality
systems. We are very proud to have achieved this.
Gopal
Mahadevan, CFO, Ashok Leyland added that our
Financial performance continues to be robust. The best part about Ashok
Leyland’s initiatives is the strong customer focus even as we drive financial
performance. Our working capital continues to be in control and Debt / Equity
for the quarter was at 0.35:1. We will continue to pursue profitable growth.
The results of the current year
include the financial performance of Foundry Division.
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