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Ashok Leyland: Smooth Road Ahead

ASHOK LEYLAND | BSE CODE: 500477 | VOLUME: 23,05,878 | CMP: Rs 68 | FACE VALUE: Rs 1

Ashok Leyland (ALL), the flagship of the Hinduja Group, is the second-largest maker of commercial vehicles in India after Tata Motors. ALL reported net profit of Rs 32.09 crore in Q3 December 2014 compared with net loss of Rs 167.20 crore in Q3 December 2013. Its total income rose 71.7 per cent to Rs 3,380.32 crore in Q3 December 2014 over Q3 December 2013. In Q4 FY15 the company’s total sales increased by 31.2 per cent due to 40 per cent robust sales of medium and heavy commercial vehicles (M&HCV). For the full year FY15, the total sales increased by 17 per cent to 1,04,902 units from 89,337 units in FY14. The healthy numbers for the last three months will get reflected in the March quarter result.

Ahluwalia Contracts (India): Brick By Brick

AHLUCONT | BSE CODE: 532811 | VOLUME: 14827 | CMP: Rs 243 | FACE VALUE: Rs 2

Ahluwalia Contracts (India), engaged in the construction business, announced on Monday it has secured new orders aggregating Rs 429 crore. The orders are for construction of institutional and residential buildings, including electrical plumbing and fire-fighting services. The total order inflow during FY15 stands at Rs 1,350 crore and the company’s order book stands at Rs 3,630 crore. The company is gradually increasing its exposure to government orders. It has pared debts of approximately Rs 80 crore during the current financial year. During the first nine months, the company reported more than 10 times growth of Rs 46.71 crore as compared to Rs 4.46 crore in the corresponding period. The topline was Rs 745.80 crore in 9M FY15 as compared to Rs 710.52 crore in 9M FY14. Its EBITDA margins shot up to 12.62 per cent as compared to 3.89 per cent and the PAT margin went up to 6.26 per cent as compared to 0.63 per cent in the corresponding period.