At 11:30 am, Ashok Leyland shares were trading greater by 6.47 percent on the BSEAshok Leyland shares skyrocketed more than 6 per cent in a flat market after the automobile company reported a turn-around in the March quarter.
Ashok Leyland reported a net revenue of Rs 241.17 crore in the quarter ended March 2021 as versus a loss of Rs 57.32 crore in the corresponding quarter last year.
At 11:30 am, Ashok Leyland shares were trading at Rs 125.85, higher by 6.47 percent, on the BSE.Ashok Leyland's earnings prior to tax (PBT) during the March quarter stood at Rs 314 crore as against a loss of Rs 72 crore for the very same duration last year, the business said in a regulative filing to the stock exchanges.The EBITDA stood at 7.6 percent in the quarter under consideration as versus 4.8 percent in the same quarter last year.The company's board has recommended a last dividend of 0.60 paise per share for the financial year ended March 31, 2021.
The BSE Sensex was trading at 52,741.20, greater by 40 points and the NSE Nifty was at 15,812.90, up 23.25 points at the time.