Ashok Leyland Ltd, flagship company of the Hinduja Group, has posted a net loss of Rs 83 crore for the second quarter of the financial year 2021-22 compared to a net loss of Rs 147 crore in the July to September quarter of the previous financial year.
The company reported a 57 per cent increase in year-on-year revenues in Q2 FY22. The revenues for the quarter stood at Rs 4,458 crore as against Rs 2,837 crore in Q2 FY21. During the quarter, the company’s raw material cost increased by 61 per cent from Rs 1,922 crore during Q2FY21 to Rs