Ashok Leyland Ltd Q2FY24; 206% rise in Profits

Ashok Leyland is the flagship Company of the Hinduja group, having a long-standing presence in the domestic medium and heavy commercial vehicle (M&HCV) segment. The company has a strong brand and well-diversified distribution and service network across the country and has a presence in 50 countries, it is one of the most fully-integrated manufacturing companies. Its headquarter is in Chennai
They manage driver training institutes across India and have trained over 8,00,000 drivers since inception.

Financial Results:

Ashok Leyland Ltd reported Revenues for Q2FY24 of ₹11,429.00 Crores up from ₹9,600.00 Crore year on year, a rise of 19.05%.

Total Expenses for Q2FY24 of ₹10,501.00 Crores up from ₹9,288.00 Crores year on year, a rise of 13.06%.

Consolidated Net Profit of ₹569.00 Crores up 205.91% from ₹186.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.79, up 219.64% from ₹0.56 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.