Ashok Leyland Q2 PAT up 34% on cost control measures, steel price dip

Quick Summary:

Despite strong profits, total income dipped by 2 per cent to Rs 11,262.84 crore during the quarter, compared to Rs 11,463.

A one-time exceptional item of Rs 117 crore, representing an increase in the value of one of the invested companies, also added to the profit.

Ashok Leyland’s domestic MHCV market share remains above 31 per cent, with plans to increase it to 35 per cent.

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Category: BusinessFinance

Markets: India

Topics: Auto industry Q2 results Ashok Leyland

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 16:54:30 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 608 words

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Sentences: 28 lines

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