Ashok Leyland Q2 Results: Profit jumps 37% YoY to Rs 770 crore; Rs 2 per share dividend declared

Ashok Leyland reported a 37.2% YoY rise in Q2 net profit to Rs 770 crore, surpassing estimates. However, revenue fell 9% YoY to Rs 8,768.8 crore. The company declared an interim dividend and maintained strong market shares in MHCV and buses.