Home Business News Ashok Leyland net loss reaches ₹ 83 crore

Ashok Leyland net loss reaches ₹ 83 crore


Loss of representative Ashok Leyland Ltd. for the second phase ending September dropped to ₹ 83 crore from ₹ 147 crore the previous year.

Operating revenue increased 57% to ₹ 4,426 crore, while commodity prices increased by more than ₹ 1,100 crore to ₹ 3,093 crore. Total revenue increased 52% to ,5 4,595 crore, the company said in a statement.

“These companies have seen signs of recovery in Q2 FY22 in the same period last year, and we remain optimistic and optimistic about the future. The economy is showing signs of a return to growth … ALL will continue to compete with corporations for future growth,” said Vipin Sondhi. MD and CEO.

“We have generated about ₹ 1,063 crore this quarter due to increased operating costs, and we will continue to focus on efficiency,” said Gopal Mahadevan, CFO.

Supervisors are monitoring the global semiconductor status and commodity prices, the company said.

The company also said Shom Ashok Hinduja was elected to the board.

In a separate file, ALL stated that it is moving the electric vehicle business (EV) to Switch Mobility Automotive Ltd., India, for a slow sale, to consider ₹ 240 crore, starting October 1. Relocating its eMaaS (E business) -Mobility As A Service) to Ohm Global Mobility Pvt. Ltd., India, (Ohm India), for ₹ 65 crore.

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