The company saw healthy sequential recovery in the second half | STOCK OPTIONS

The company saw healthy sequential recovery in the second half of FY21 post the gradual removal of the lockdown.
Ashok Leyland reported a net profit of ₹241 crore for the quarter-ended March 31, 2021 compared with a net loss of ₹57 crore in the year-ago period, on the back of recovery in the commercial vehicle market prior to the second wave.

Profit before tax (PBT) for the quarter stood at ₹314 crore as against a loss of ₹72 crore for the same period last year. Q4 EBITDA stood at 7.6% as against 4.8% last year, according to a statement.