Commercial automobile maker Ashok Leyland Ltd., has posted a standalone web revenue of ₹199 crore for the second quarter ended September towards a lack of ₹83 crore reported within the yr in the past interval and achieved a market share of 32%.
During the quarter underneath evaluate, income from operations rose by 86% to ₹8,223 crore, whole expenditure elevated to ₹7,982 crore from ₹4,595 crore, it mentioned in a regulatory submitting.
ALL’s home MHCV quantity grew by 113% at 25,475 models, which is greater than double that of business development. This helped ALL to realize market share positive factors of 9.6% within the quarter, it mentioned in a press release.
LCV volumes at 17,040 models had been larger by 28%. Export volumes (MHCV & LCV) elevated by 25% to 2,780 models. Debt stood at ₹2,677 crore. It was 0.37 occasions towards 0.48 occasions.
“We see the demand continuing in all segments of trucks and passenger vehicles and we remain confident and optimistic about the future,” mentioned Dheeraj Hinduja, government chairman.
“While we will pursue growth, we want to do it profitably and sustainably, the team continues its focus on operating costs and margins. We have been driving our other businesses like aftermarket, power solutions, Defence and digital customer solutions which have contributed increasingly to our revenue,” mentioned Gopal Mahadevan, director & CFO.
Source: www.thehindu.com