Ashok Leyland reports loss of Rs 147 cr in Sept quarter, revenue dips 28%

Ashok Leyland Ltd posted a loss of Rs 147 crore during the September quarter as against a profit of Rs 39 crore in Q2FY20.

Revenue from operations during the quarter stood at Rs 2,837 crore, down 28% YoY. The company reported a revenue of Rs 3,930 crore in Q2FY20.

Vipin Sondhi, MD & CEO, Ashok Leyland Limited said, "While the challenges in the market due to Covid-19 continue, the company has seen a marked improvement in the its performance in this quarter. The performance of our newly launched AVTR platform in the M&HCV segment and Bada Dost in the LCV segment gives