Shares of Ashok Leyland, the Indian flagship of the Hinduja Group, surged 6% in in the present day’s commerce, February 12, reaching ₹215.30, with many of the positive factors coming after the corporate reported its December quarter efficiency, surpassing road estimates on all parameters.
The corporate reported a 32% YoY enhance in its standalone web revenue, reaching ₹762 crore within the third quarter of the present fiscal, in comparison with ₹575 crore in the identical interval final yr. Within the previous September quarter, the online revenue stood at ₹770 crore.
The corporate’s standalone income grew by 2.7% YoY to ₹9,478 crore, up from ₹9,273 crore within the year-ago interval.
On the working entrance, the corporate reported an EBITDA of ₹1,211 crore in Q3, with margins at 12.8%. In the identical interval final yr, it posted an EBITDA of ₹1,114 crore, with margins of 12%
