New Delhi, Aug. 14 -- Truck-maker Ashok Leyland on Friday, 14 August reported a net profit of Rs.609 crore for Q1 FY27, marking a 2.59% year-on-year (YoY) rise from the Rs.594 crore net profit reported in the corresponding quarter of the previous financial year.

The firm's revenue from operations meanwhile grew more than 10.4% YoY to Rs.9,634 crore during the quarter under review, as against Rs.8,724.5 crore reported in the year-ago period.

The company reported a record Q1 FY27, with commercial vehicle volumes reaching an all-time high of 48,763 units, up from 44,238 in the corresponding quarter last year.

However, the company said in an exchange filing that rising material costs weighed on operating margins. EBITDA margin declined to ...