Ashok Leyland shares gain 4% on robust Q3 earnings
Tue, Feb 6, 2024 1:03 PM

Ashok Leyland shares gain 4% on robust Q3 earnings

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Ashok Leyland's shares rose by 4% to Rs 186 after reporting a 60% increase in profit to Rs 580 crore. This was due to strong demand for its products in both the MHCV and LCV segments in the October-December quarter. The company's revenues also grew by 2.7%, reaching Rs 9,273 crore. With an EBITDA of Rs 1,114 crore, Ashok Leyland achieved double-digit percentage growth.

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