ASHOK LEYLAND - Losses in Q1, but demand recovery may lead to a strong bounce back in H2 FY22 and FY23
Losses in Q1, but demand recovery may lead to a strong bounce back in H2 FY22 and FY23 Ashok Leyland (AL) reported losses in Q1 at 2.8 bn, which were lower as compared to losses of 3.9 bn reported in the base quarter. The realizations were down by 4% yoy and up by 3% qoq on price hikes taken during the quarter sequentially. The company's market share more or less remained stable at 27% despite the southern markets getting impacted. LCV market share saw a...