BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
KRChoksey Report
Ashok Leyland Ltd.'s revenue in Q2 FY21 declined by 28% YoY (up 366% QoQ) at Rs 2,837 crore, due to lower volumes in medium and heavy commercial vehicle and light commercial vehicle segments.
Absolute Ebitda declined by 65% YoY (down 124% QoQ) while margins contracted by 298 basis points YoY (up 5404 basis points QoQ) to 2.84%, on account of higher volumes and operating leverage.
Other income decreased by 51.93% YoY (down 15% QOQ) at 21.87 crore.
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