Ashok Leyland shares trade off highs after announcing bonus issue record date; check details

“Further, in accordance with the SEBI circular dated September 16, 2024, the deemed date of allotment of bonus shares shall be Thursday, July 17, 2025, and these bonus shares will be made available for trading on the next working day of allotment, i.e., Friday, July 18, 2025,” Ashok Leyland had said in a regulatory filing on Wednesday.

The company had earlier announced the 1:1 bonus issue in May, along with its March quarter results and dividend declaration. This is the first bonus issue of Ashok Leyland since 2011.

The record date is used to determine which shareholders are eligible to receive bonus shares. It's the cut-off date for identifying shareholders whose names appear in the company's records.

Last seen, the stock was trading at ₹250.05 apiece, down 0.34% on the National Stock Exchange. Shares of Ashok Leyland had opened at ₹253.90 apiece and touched an intraday high of ₹254 before declining to an intraday low of ₹249.70 apiece on NSE.

Last month, Ashok Leyland stock gained nearly 4%, while year-to-date it has rallied over 12%. The stock has soared almost 11% in a year.

The country's leading commercial vehicle maker had reported a net profit of ₹1,246 crore in the January-March quarter, marking an upside of 38% from ₹900 crore in the same period last year.

Its revenue from operations rose 6% to ₹11,907 crore in the fourth quarter of financial year 2024-25 as against ₹11,267 crore in the year-ago period.

The Chennai-based company reported stable operational performance as its earnings before interest, taxes, depreciation, and amortisation (EBITDA), also known as operating profit, rose 12.5% to ₹1,791 crore from ₹1,592 crore in the same period last year. Its EBITDA margin expanded by 90 basis points to 15.04% from 14.13%.

In financial year 2024-25, Ashok Leyland’s overall commercial vehicle (CV) volumes came in at 195,093 units, which was very close to the previous high of 197,366.