Categories AlphaGraphs, Earnings

Ashok Leyland Ltd Q3FY24; 74% 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 Q3FY24 of ₹11,093.00 Crores up from ₹10,400.00 Crore year on year, a rise of 6.66%.

Total Expenses for Q3FY24 of ₹10,155.00 Crores up from ₹9,820.00 Crores year on year, a rise of 3.41%.

Consolidated Net Profit of ₹609.00 Crores up 73.5% from ₹351.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.91, up 75.23% from ₹1.09 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.

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