Ashok Leyland share price today: Q3 EBITDA, In-line with Morgan Stanley Estimates
Ashok Leyland share price today: The company reported sequential revenue growth of 70% QoQ to Rs 47.9 bn, driven by 72% QoQ volume growth and partially offset by a 1% QoQ decline in ASPs. EBITDA came in at Rs 2.5 bn (+216% QoQ and +13% YoY), in-line with Morgan Stanley estimates.
Ashok Leyland EBITDA margin came in at 5.3%, +240bps QoQ and -30bps YoY. Reported net loss stood at Rs 194 mn. Share price of Ashok Leyland are trading at Rs 129 down Rs 6 or 4.5%: Reuters