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Hot Pursuit
02-Jan-23
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Ashok Leyland gains on registering 45% YoY sales growth
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Ashok Leyland rose 2.16% to Rs 146.50 after the company's total sales (including domestic and exports) for December 2022 stood at 18,138 units, up by 45% as against 12,518 units in December 2021.
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Total domestic sales for December 2022 stood at 17,112 units, jumped by 49% as against 11,493 units for December 2021.
Total vehicle exports rose 0.1% year on year to 1,026 units in December 2022.
Ashok Leyland is engaged in manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings and castings.
The company reported a net profit of Rs 199 crore in Q2 FY23 as against a net loss of Rs 83 crore in Q2 FY22. The revenues for the quarter stood at Rs 8,266 crore as against Rs 4,458 crore in Q2 FY22.
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