For the financial year 2020-21, the company’s total loss after tax reduction was Rs 70 crore. The agency had reported a PAT of Rs 460 crore in the fiscal year 2020-21.
Booked through a six-fold consolidated profit after tax (PAT) at Rs 377 crore for the fourth quarter as of March 31st, 2021.
Consolidated revenue at any point in the fourth quarter of the financial year close was at Rs 8,142 crore, compared to Rs 5,088 crore for the same period a year ago, Ashok Leyland said in a recent statement on Thursday.
Their commercial vehicle reported a total net profit of Rs 58 crore in the January-March quarter of 2019-20.
Financially, the agency’s consolidated after-tax loss was Rs 70 crore. The agency had reported a PAT of Rs 460 crore in FY20. Demanding market situations due to COVID-19 affected the volume and overall performance of the company and the company in the first half of fiscal 2020-21, however the company noted a healthy progressive cure. Within the second half of fiscal year 2020-21. After the lockdown was slowly lifted, the company said.
“We have seen visible healing within the fourth quarter of FY21 and the overall performance was higher. With the surprising start of the second wave, however, the challenging situations for the company remain. We’re better organized this time around.” Ashok Leyland MD and CEO Vipin Sondhi said.
“With the country’s GDP expected to rise to 9.5 cents in FY22, that’s a good sign for the commercial auto industry, he added. Through our new-gen merchandise and a trained team, we are confident that we can become more effective as soon as alternatives are asked. This will help us achieve worthwhile growth,” said Sondhi.
The agency’s board approved a final dividend of 0.60 Paise for the financial year ending March 31, 2021, which corresponds to the percentage of Re 1.