Commercial vehicle segment company Ashok Leyland has released its quarterly results. The company's standalone profit has increased by more than 37 percent compared to last year. Although income has declined by 9 percent and EBITDA by about 6 percent during this period, the company's EBITDA margin has increased on a year-on-year basis. The company's profit has been much higher than market estimates. At the same time, income has been as per estimates. EBITDA and EBITDA margin have also been higher than estimates.

Declaration of dividend
Along with the results, the board of the company has also announced dividend for its investors. The company has informed that the board has approved an interim dividend of Rs 2 per share for the current financial year. The record date for dividend has been fixed as November 19, 2024. After the results, the company's stock saw a rise and the stock crossed the level of 220 with a gain of more than 2 percent today. How were the results The company's profit has increased from Rs 561 crore to Rs 770 crore as compared to last year. It has seen a growth of 37.25 percent on a year-on-year basis. The company's profit has been much higher than the estimates. The market had estimated a profit of Rs 561 crore. At the same time, the income has come down from Rs 9,638 crore to Rs 8,768 crore. The market had estimated Rs 8764 crore. EBITDA has come down from Rs 1,080 crore to Rs 1,017 crore. The market had estimated EBITDA of Rs 954 crore. At the same time, the margin has increased from 11.2 percent to 11.6 percent. The estimate was 10.9 percent