Ashok Leyland posts record Q1 earnings but higher costs squeeze margins
Ashok Leyland reported record revenue of ₹9,634 crore and a net profit of ₹609 crore for Q1, ending June. Despite a 10% year-on-year revenue increase, rising commodity costs pressured profitability, leading to a decline in EBITDA margins. The company plans to maintain its ₹1,000-crore investment strategy while leveraging AI to enhance productivity.