💨 Abstract

Ashok Leyland, India's truck and bus manufacturer, reported a 31.3% increase in Q3 profit, exceeding analyst expectations. The rise was due to a surge in exports, which offset sluggish domestic demand. Shares rose 4.4% following the results. Sales overall declined 2.2%, impacted by weak capital expenditure spending in the country. The company expects international sales to grow further with new product launches.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖