2025-04-12 12:19:21 pm | Source: Motilal Oswal Financial Services Ltd
Buy Ashok Leyland Ltd For Target Rs. 255 by Motilal Oswal Financial Services Ltd
* CV volumes grew 5% YoY, led by 7% YoY growth in MHCVs. LCV grew by just 1% YoY.
* ASPs expected to remain flat YoY due to a stable mix.
* We expect EBITDA margin to remain stable YoY at 14.2%.
* Overall, we expect AL to post 14% YoY PAT growth
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