Commercial vehicle maker Ashok Leyland on Friday reported an eightfold increase in its June quarter profit as an aggressive cost-savings programme and higher sales volume boosted profitability.
Net profit rose to ₹576 crore in the three months ended 30 June from ₹68 crore in the year earlier, the company said on Friday. Earnings before interest, taxes, depreciation and amortization (Ebitda) rose to 10% or ₹821 crore in the June quarter. The Hinduja group flagship saw revenue in the June quarter increase 13.4% to ₹8,189.3 crore from ₹7,222.8 crore. The stock settled at its 52-week high of ₹181.90, up 3.56%, on BSE on the back of an improved margin outlook for the fiscal after the company announced its earnings.
هذه القصة مأخوذة من طبعة July 22, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة July 22, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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