Ashok Leyland shares rise after Q2 earnings report
after close1 source ↓written by the desknot a recommendation
- to ₹150.49 following
- 5.5%
- revenue increase
- 9.3%
- revenue increase
- ₹9,588 cr
- due
- ₹771 cr
Ashok Leyland shares surged 5.5% to ₹150.49 following its Q2 results, currently trading around ₹147.88. The company reported a 9.3% revenue increase to ₹9,588 cr, driven by strong volume growth. However, profit remained flat at ₹771 cr due to a one-time loss. The EBITDA margin improved to 12%, marking continued operational strength.
Not investment advice. For informational purposes only.