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Jul 29, 2022, 03.15 PM

Ashok Leyland Q1 net profit at Rs.68 crore

The company's EBITDA for Q1 FY23 was at Rs. 320 crore as against a loss of Rs. 140 Cr in the previous year.  

The company's revenues for the quarter stood at Rs. 7223 crores as against Rs. 2951 crore. in Q1 FY'22. 

Ashok Leyland, the Indian flagship of the Hinduja Group, reported a 145 % increase in YoY quarter revenues in Q1 FY'23. 

The company reported a net profit of Rs. 68 crore for Q1 FY'23, as against  a net loss of Rs.282 crore in Q1 FY'22. 

The company's revenues for the quarter stood at Rs. 7223 crores as against Rs. 2951 crore in Q1 FY'22. 

In the same period, Ashok Leyland's domestic MHCV volume grew at 189 % and market share grew from 27.0 % to 30.0 %, while Truck market share was at 31.1% for QlFY23 as against 26.2% last year.
 

The company's EBITDA for Q1 FY23 was at Rs. 320 crore as against a loss of Rs. 140 Cr in the previous year.  

The company continued to see strong demand for the AVTR range - India's first Modular Truck Platform -and this demand is expected to further improve consequent to anticipated growth in the Total Industry Volume. 

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