Industry

ALL turned a profit in Q4 on rise in volume

Ashok Leyland Ltd. has returned to black, reporting standalone net profit of ₹241 crore for the fourth quarter ended March due to 66% industry volume growth in M&HCV sector.

The truck-and-bus maker had incurred a net loss of ₹57 crore a year earlierdue to a slowdown in the commercial vehicle market. Revenue from operations rose to ₹7,000 crore(₹3,838 crore). The board declared a final dividend of 60 paise per share.

The results included an exceptional item of ₹37 crore pertaining to gain on sale of immovable assets, obligations related to discontinued products of the LCV division, VRS and impairment in value of equity instruments in subsidiaries.During the quarter, M&HCV truck volumes grew at 111% for the company, it said in a regulatory filing.


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Printable version | Aug 1, 2021 7:57:32 AM | https://www.thehindu.com/business/Industry/all-turned-a-profit-in-q4-on-rise-in-volume/article34956703.ece

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