Ashok Leyland Q2 Results: Profit jumps 37% YoY to Rs 770 crore; Rs 2 per share dividend declared
However, revenue from operations declined 9% YoY to Rs 8,768.8 crore in the reporting period, compared with Rs 9,638 crore in the corresponding period of last year.
EBITDA for the quarter was up at 11.6% (Rs 1017 crore) as against 11.2% (Rs 1080 crore) in the corresponding period last year.
The board of directors of the company also declared an interim dividend of Rs 2 per equity share of Re 1 each, for the financial year ending 2024-25. The said interim dividend, would be paid, on or before December 7, 2024.
Ashok Leyland maintained its domestic MHCV market share at over 31% and maintained market leadership in the Bus segment. The LCV domestic market share also improved in the first half of the year.
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