Ashok Leyland turns to profit in Jan-Mar quarter
Source: IRIS | 26 May, 2017, 05.40PM
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| Rating: NAN / 5 stars. |
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Ashok Leyland swung to a profit for the quarter ended March 2017. During the quarter, the company reported a profit of Rs 4,761.66 million compared with a loss of Rs 1,408.11 million in the same quarter last year. Revenues for the quarter rose 13.40% to Rs 70,975.77 million, compared with Rs 62,587 million for the prior year period. Earnings per share stood at Rs 1.63 compared with negative Rs 0.49 in the same quarter last year. | Quarterly Results - Standalone (Rs in mn) | | As at | Mar - 17 | Mar - 16 | %Change | | Revenues | 70,975.77 | 62,586.55 | 13.40 | | Net Profit | 4,761.66 | (1,408.11) | - | | Diluted EPS | 1.63 | (0.49) | - |
Shares of the company gained Rs 5.65, or 6.57%, to settle at Rs 91.70. The total volume of shares traded was 4,410,949 at the BSE (Friday).
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