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Ashok Leyland turns black in Q2FY23

11 Nov 2022 Evaluate

Ashok Leyland reported results for second quarter ended September 30, 2022.

The company has reported net profit of Rs 199.31 crore for Q2FY23 as compared to net loss of Rs 83.01 crore for the corresponding quarter previous year. Total income of the company increased by 85% to Rs 8,285.94 crore for the quarter under review as compared to Rs 4,478.78 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported net profit of Rs 185.80 crore for the quarter under review as compared to net loss Rs 83.55 crore for the same quarter in the previous year. Total income of the company increased by 72.19% to Rs 9,620.28 crore for the quarter under review as compared to Rs 5,586.91 crore for the same quarter in the previous year.

Peers
Company Name CMP
Tata Motors 427.50
Ashok Leyland 152.50
Force Motors 16886.30
Olectra Greentech 1087.30
SML Mahindra 6120.00
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