Ashok Leyland shares gain 2% as record date for 1:1 bonus issue announced
ADVERTISEMENT The company also stated that the deemed allotment date for the bonus shares is July 17, 2025, and trading in these shares will commence on Friday, July 18, 2025.
'We wish to inform you that the Allotment Committee has fixed Wednesday, July 16, 2025, as the record date for determining eligible shareholders for the allotment of bonus shares. Further, in accordance with SEBI's circular dated September 16, 2024, the deemed date of allotment shall be Thursday, July 17, 2025, and the bonus shares will be available for trading on the next working day, i.e., Friday, July 18, 2025,' the company said in its filing dated July 9.
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The company had earlier announced the 1:1 bonus issue in May, alongside its March quarter results and dividend declaration. This marks Ashok Leyland's first bonus issue since 2011, when it had also issued a 1:1 bonus.
Ashok Leyland Q4 Results Ashok Leyland reported a 38% year-on-year rise in standalone net profit to Rs 1,246 crore for the March quarter, compared to Rs 900 crore in the same period last year. Revenue from operations grew 6% YoY to Rs 11,907 crore.
ADVERTISEMENT On a sequential basis, profit after tax (PAT) jumped 63% from Rs 762 crore in Q3FY25, while revenue increased 26% from Rs 9,479 crore.The company also reported its highest-ever quarterly and annual revenues and EBITDA. EBITDA for Q4 rose 15% YoY to Rs 1,791 crore.
ADVERTISEMENT For the full year, PAT grew 26% to Rs 3,303 crore in FY25 from Rs 2,618 crore in FY24, while revenue rose marginally by 1% to Rs 38,753 crore.
Also Read: Is the chemical sector entering a new supercycle? Top stocks already up 35–135% in 2025
ADVERTISEMENT According to Trendlyne, the average target price for Ashok Leyland stands at Rs 268, indicating an upside of nearly 6% from current levels. Among the 37 analysts covering the stock, the consensus rating is 'Buy'.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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