Ashok Leyland and Voltas report strong earnings
pre-market1 source ↓written by the desknot a recommendation
- and a profit
- ₹9,634 crore
- a profit
- ₹609 crore
- profit increase
- 52.2%
- profit increase
- ₹214 crore
Ashok Leyland reported record revenue of ₹9,634 crore and a profit of ₹609 crore, its best first-quarter result, despite rising material costs. Voltas also excelled with a 52.2% profit increase to ₹214 crore. In contrast, Natco Pharma faced challenges, impacting market sentiment for the sector.
• Ashok Leyland's commercial vehicle volumes reached a new high.
• Voltas' revenue growth reflects strong demand in consumer durables.
• Rising costs remain a concern for many in the pharma sector.
Not investment advice. For informational purposes only.