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The buses will be built for city operations and will feature advanced iGen 6 BS VI technology with a robust H-series engine rated at 184 equipped with front and rear air suspension, the company said.
The order is to be executed between June 2025 and August 2025.
Ashok Leyland posted a net profit of ₹761.7 crore in the third quarter, significantly higher that estimates of ₹664 crore.The bottom line also witnessed a 31.3% increase from ₹580 crore reported in the same period last year.
The company’s revenue for the December quarter was up 2.2% at ₹9,478.7 crore from last fiscal’s ₹9,273 crore. A CNBC-TV18 poll had estimated the same to be ₹9,064 crore. Its EBITDA increased 8.8% to ₹1,211.5 crore against ₹1,114 crore last year and its margin expanded to 12.8% from last fiscal’s 12%, exceeding the 11.8% forecast.
Ashok Leyland shares were trading 1.09% higher at ₹224.7 apiece at 12.25 pm on Wednesday, February 19. The stock has gained 30.37% in the past year.
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