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The company's total medium & heavy commercial vehicles (M&HCV) sales grew 12% YoY to 10,185 units in October 2023 and light commercial vehicles (LCV) sales rose 15% to 6,679 units in last month.
The company's domestic sales of commercial vehicles in October 2023 aggregated to 15,759 units, higher by 14% compared with same period last year.
Ashok Leyland is engaged in manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings and castings.
The company reported net profit of Rs 576 crore in Q1 FY24, up by more than eight times as compared with a PAT of Rs 68 crore in the same period last year. Revenue for the quarter stood at Rs 8,189 crore as against Rs 7,223 crore in Q1 FY23, up 13.4% YoY.
Shares of Ashok Leyland shed 2.70% to close at Rs 164.95 on the BSE.
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