Ashok Leyland reports Rs 96 crore net profit in Q1

Commercial vehicles manufacturer Ashok Leyland on Friday reported a consolidated net profit of Rs 96 crore for the first quarter of financial year 2022-23 riding on higher sales. 

Published: 30th July 2022 07:27 AM  |   Last Updated: 30th July 2022 07:27 AM   |  A+A A-

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Ashok Leyland (File Photo | Reuters)

By Express News Service

NEW DELHI: Commercial vehicles manufacturer Ashok Leyland on Friday reported a consolidated net profit of Rs 96 crore for the first quarter of the financial year 2022-23 riding on higher sales. 

It had incurred a net loss of Rs 324 crore in the same period last financial year, Ashok Leyland said in a regulatory filing. 

Revenue from operations more than doubled to `8,470 crores in the quarter from `4,088 crores in the April-June period a year ago, it added. 

The company said its domestic light commercial vehicle (LCV) volumes stood at 14,384 units, up 66 per cent from the same period a year ago.

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