Ashok Leyland gains on turning black in Q2FY23

Ashok Leyland is currently trading at Rs. 147.60, up by 0.95 points or 0.65% from its previous closing of Rs. 146.65 on the BSE.

ashok leyland dips on reporting 28 fall in july sales
Ashok Leyland

The scrip opened at Rs. 151.05 and has touched a high and low of Rs. 153.60 and Rs. 145.20 respectively. So far 1410017 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 93.20 on 08-Mar-2022.

Last one week high and low of the scrip stood at Rs. 153.60 and Rs. 144.30 respectively. The current market cap of the company is Rs. 44176.59 crore.

The promoters holding in the company stood at 51.12%, while Institutions and Non-Institutions held 36.82% and 11.25% respectively.

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.

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