Ashok Leyland posts record Q1 earnings but higher costs squeeze margins
Ashok Leyland reported record revenue and profit for the June-ended quarter with revenue from operations rising 10% year-on-year to ₹9,634 crore and net profit climbing 3% to ₹609 crore. However, higher commodity costs weighed on profitability, pulling the EBITDA margin down to 10.1% from 11.1% a year earlier despite record first-quarter commercial vehicle sales. On…
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