![]() The higher your daily budget, the more users will see your job post. Because promoted job posts have a targeted and broader reach, the job is seen by the most relevant and qualified candidates. The job post will continue to accept applications until the maximum budget is reached, at which time the campaign will pause.Īccording to LinkedIn, promoted job posts get three times more qualified candidates than free job posts. If one day comes in over the daily budget, subsequent daily budgets will be adjusted over the 30-day period. But don’t fret-LinkedIn doesn’t charge more than 50% of your daily budget in one day and it won’t charge more than your total budget.įor instance, if you set a 30-day campaign with a daily budget of $10, you won’t be charged more than $15 in one day or more than $300 in 30 days. While employers set a daily budget for the job post, the exact price for the day is based on the number of clicks or views the post gets. The cost of a promoted job post is determined on a pay-per-click basis. If you want to get more traffic to your job post, or you want to post more than one job at a time, you can pay for a promoted job post on LinkedIn. ![]() Free job posts are displayed in search results, but over time they will slip down in search results. If you have several job openings at the same time, you’ll need to pay. While valuations at 17.3x FY25E P/E and 9.3x EV/Ebitda are reflecting the mid-cycle recovery, they do not fully reflect AL’s focus on the diversification of new revenue streams and increasing profit pools.Employers can post job openings for free on LinkedIn, but it is important to note that you can only have one free job post open at a time. AL emerges as a prime investment option in the CV growth cycle, owing to its strategic positioning to expand revenue and profit pools. These factors are anticipated to drive robust earnings. The demand environment is expected to remain stable, bolstered by enhanced pricing power and consistent raw material prices. It added 79 outlets in FY23 (to 803) and plans to add 66 outlets in FY24 in North and East India.Īlso read: Unlocking the power of India’s demographic dividend To strengthen its presence in North and East, AL will continue to expand its network in these regions as well as in key mining pockets. Moreover, infrastructure for scrapping is currently poor and needs to be developed to support large-scale scrapping.ĪL aims to increase its market share in the domestic M&HCV segment to 35% by gaining market share in weak markets like North (25% now) and East (24% now), and increasing share in ICV trucks to 35% from 25% and ICV buses to 30% from 15%. While currently there are no major benefits of voluntary scrappage policy (w.e.f Apr’23), strict enforcement by the government would be key for the success of this policy. In the total M&HCV population of 5.2m units, over 1.1m vehicles are more than 15 years old. AL is starting to see some recovery in replacement demand. The average age of M&HCVs has increased to 10 years, which should augur well for replacement demand. AL expects the ongoing healthy CV cycle to extend, considering favourable underlying macros and a positive outlook for the key end industries. This is based on strong feedback from its customers, who have a good order pipeline. While Q1FY24 is weak due to pre-buying ahead of BS-6 Phase-2 norms, AL expects a strong recovery in volumes from Jul’23. Mcap of 6 of top-10 most valued firms climbs over Rs 1.13 lakh cr Reliance biggest winnerĪL expects FY24 industry volumes to grow over 10% for M&HCV and 5% for LCV. Furthermore, the company aims to sustain a midteens Ebitda margin in the medium term, indicating its focus on maintaining a healthy level of profitability. ![]() In terms of financial performance, AL has set a target of achieving a double-digit Ebitda margin in FY24. To achieve this, the company will focus on expanding its presence in the LCV (light commercial vehicle) segment, with the objective of significantly increasing its market share. The company’s management expressed confidence in the continued upward trend of the M&HCV market and intends to increase its market share by 3 percentage points to reach 35%. Additionally, the company aims to expand its non-M&HCV revenue at a faster pace and highlighted the forthcoming inflection point for switch mobility, its electric vehicle (EV) division, which plans to launch six platforms within the next two years. At its 2023 Investor meet, AshokLeyland (AL) emphasised its commitment to achieving profitable growth in the domestic M&HCV (medium and heavy commercial vehicle) segment.
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