Ashok Leyland shares in fast lane on Q4 margin beat1 min read . Updated: 20 May 2022, 10:46 AM IST
- Ebitda margin widened at a time when gross margin fell 135bps. Amid the high inflationary environment, Ashok Leyland implemented cost control measures. Other expenses, as a percentage of sales, declined to 8% from nearly 10% in Q4FY21. Also, employee costs as a percentage of sales dropped 73bps
Ashok Leyland Ltd’s shares rose more than 5% in opening deals Friday on the National Stock Exchange, as investors cheer the company’s better than expected March quarter (Q4FY22) results.
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