Ashok Leyland posts net loss of Rs 282 cr in Q1; Volume points to recovery

The loss in the year-ago quarter was Rs 389 cr; three-fold spike in Q1FY22 revenue from operations

Ashok Leyland, the flagship company of the Hinduja Group and commercial vehicle manufacturer, has posted a net loss of Rs 282 crore for the first quarter of the financial year 2021-22, as compared to a loss of Rs 389 crore during the same period last fiscal.

The company reported a more than three-fold jump in revenue from operations during the April to June period of the current fiscal to Rs 2,951 crore as against Rs 651 crore in the first quarter of FY21. Ashok Leyland’s domestic medium and heavy commercial vehicle (M&HCV) volume grew at 1,041 per cent which is close