The company reported nearly 37 percent fall in standalone Q4 net profit at Rs. 229.97 crore, as against a net profit of Rs. 363.39 crore on year-on-year basis.
Ashok Leyland drifted lower in the early morning trade on the BSE, after the company posted weak set of earnings.
According to release issued by the company to the BSE, Ashok Leyland reported nearly 37 percent fall in standalone Q4 net profit at Rs. 229.97 crore, as against a net profit of Rs. 363.39 crore on year-on-year basis.
The total income, however, jumped by 46.4 percent to Rs. 4,505 crore from Rs. 3,076 crore in the same above mentioned period.
So far, the stock has slipped over 5.5 percent from the day's high of Rs. 73 to touch a low of Rs. 69.
Now, Ashok Leyland is down 2 percent at Rs. 70.55, and has witnessed trades of around 1.6 million shares as compared to its daily average volume of 2.2 million shares in the past two weeks.
Meanwhile, the BSE Sensex has zoomed over 400 points at 27,284.
According to release issued by the company to the BSE, Ashok Leyland reported nearly 37 percent fall in standalone Q4 net profit at Rs. 229.97 crore, as against a net profit of Rs. 363.39 crore on year-on-year basis.
The total income, however, jumped by 46.4 percent to Rs. 4,505 crore from Rs. 3,076 crore in the same above mentioned period.
So far, the stock has slipped over 5.5 percent from the day's high of Rs. 73 to touch a low of Rs. 69.
Now, Ashok Leyland is down 2 percent at Rs. 70.55, and has witnessed trades of around 1.6 million shares as compared to its daily average volume of 2.2 million shares in the past two weeks.
Meanwhile, the BSE Sensex has zoomed over 400 points at 27,284.
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