Ashok Leyland reviews over six-fold enhance in PAT at Rs 377 crore in This fall

Hinduja group flagship Ashok Leyland has posted greater than a six-fold enhance in consolidated revenue after tax (PAT) at Rs 377 crore for the fourth quarter ended March 31, 2021.
The industrial car main had reported a consolidated web revenue of Rs 58 crore within the January-March quarter of 2019-20.
Consolidated revenues through the fourth quarter of the final fiscal stood at Rs 8,142 crore, as in comparison with Rs 5,088 crore in the identical interval a 12 months in the past, Ashok Leyland mentioned in a late-night assertion on Thursday.
For the complete 2020-21 fiscal, the corporate’s consolidated loss after tax stood at Rs 70 crore. The firm had reported a PAT of Rs 460 crore in FY20.

Full 12 months consolidated income stood at Rs 19,454 crore, as in opposition to Rs 21,951 crore in 2019-20.
The challenges out there resulting from COVID-19 impacted the volumes and efficiency of the corporate and business within the first half of FY 2020-21, nonetheless, the corporate and the business noticed wholesome sequential restoration within the second half of FY 2020-21, put up the gradual elimination of the lockdown, the corporate mentioned.
“We have seen recovery in the fourth quarter of FY21 and the overall performance has been better. However, with the sudden onset of the second wave, the challenges for the industry continue. We are better prepared this time,” Ashok Leyland MD & CEO Vipin Sondhi mentioned.
With the nation’s GDP poised to develop at 9.5 per cent in FY22, it augurs properly for the industrial car business, he added.

“At Ashok Leyland, we remain rock solid and resilient, driven by our Newgen products and a talented team. We are confident that we will come out stronger once demand picks up. This will help us deliver profitable growth,” Sondhi mentioned.
The firm’s board really helpful a last dividend of 0.60 paise per share of Re 1 every for the monetary 12 months ended March 31, 2021.