8/11/2024, 3:24:02 pm

Ashok Leyland Q2 Results: Net profit at ₹770 crore beats estimates

Ashok Leyland's Q2 results showed a 37% year-on-year increase in net profit to ₹770 crore, beating estimates, despite a 9% decline in revenue to ₹8769 crore. Operating margin rose 40 basis points to 11.6%, and the company declared an interim dividend of ₹2 per share. Ashok Leyland's shares rose 1.42% to ₹218.96 following the announcement.