VERIFIEDET Stocks·17 Aug 2026neutral

Ashok Leyland shares rise 2% post Q1 results. What Citi and Nomura suggest

AI Summary

·Ashok Leyland's consolidated net profit increased by 2% year-on-year to Rs 668 crore in Q1.
·Revenue for the quarter saw a 10% rise, reaching Rs 10,750 crore.
·EBITDA margin declined to 10.1% from 11.1% due to increased material costs.