Ashok Leyland

This commercial vehicle giant is back in the black this Q4Fy17. The company posted a net profit of Rs.476 crore v/s loss of Rs.140 crore in previous Q4. This profit was despite an exceptional loss of Rs.351 crore incurred on account of sale of investments in joint ventures and subsidiaries. Even its total expenses surged 15% driven by a 18% rise in raw material prices.

What really helped was the 13% (YoY) rise in total income at Rs.7057 crore. Its sales during the quarter rose 8% of which LCVs rose 3% and H&MCVs rose 10%. But EBITDA came in lower by 7% at Rs.730 crore while margins fell from 13.1% to 11%.

The company ended the year FY17 with a 7% increase in revenue at Rs. 21,332 core and net profit came in at Rs.19,993 crore. Its MHCV volumes including exports increased by 3% and light commercial vehicle sales increased by 4%.