Wednesday 22 January 2014

Ashok Leyland reports net loss of Rs 167.20 crore in Q3FY14

Ashok Leyland has reported results for third quarter ended December 31, 2013.

The Company reported net loss of Rs 167.20 crore for the quarter as compared to net profit of Rs 74.14 crore for the same quarter in the previous year. Total income of the company has decreased by 18.66% at Rs 1968.62 crore for quarter under review as compared to Rs 2420.46 crore for the quarter ended December 31, 2012.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

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