The scrip rallied 9 per cent to Rs 129.35 on Friday. However, it was trading at Rs 127.30 at 9.55 am. The BSE Sensex was trading flat at 52,730 at the same time. The counter settled at Rs 118.20 on Thursday.
The revenue from the operations surged 80 per cent to Rs 7,000.49 crore in the March 2021 quarter from Rs 3,872 crore in the same quarter previous year.
The company board has announced a final dividend of Rs 0.60 per equity share with the face value of Re 1 each. The company board has decided to hold its annual general meeting (AGM) on September 8, 2021.
Shares of Ashok Leyland have surged up to 35 per cent in the year 2021 so far. The counter has surged over 140 per cent in the last one year.
For the full financial year 2020-21, the company has posted a net loss of Rs 313.68 crore as against a profit of Rs 239.65 crore in the financial year 2019-20. The Revenue from the operations slipped over 12 per cent to Rs 15,301.45 crore during the period under review.
