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Ashok Leyland declines on reporting 37% fall in Q4 net profit

13 May 2015 Evaluate

Ashok Leyland is currently trading at Rs 68.40, down by 3.60 points or 5.00% from its previous closing of Rs 72.00 on the BSE.

The scrip opened at Rs. 72.50 and has touched a high and low of Rs. 72.80 and Rs. 68.40 respectively. So far 3148939 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 77.00 on 15-Apr-2015 and a 52 week low of Rs. 25.10 on 15-May-2014.

Last one week high and low of the scrip stood at Rs. 75.45 and Rs. 64.45 respectively. The current market cap of the company is Rs. 19579.63 crore.

The promoters holding in the company stood at 38.82% while Institutions and Non-Institutions held 32.44% and 16.37% respectively.

Ashok Leyland has posted a fall of 36.72% in its net profit at Rs 229.97 crore for the quarter ended March 31, 2015 as compared to Rs 363.39 crore for the same quarter in the previous year. However, total income of the company has increased by 46.61% at Rs 4542.95 crore for quarter under review as compared to Rs 3098.7 crore for the quarter ended March 31, 2014.

For the year ended March 31, 2015, the company has posted a jump of 1039.55% in its net profit at Rs 334.8 crore as compared to Rs 29.38 crore for the same period in the previous year. Total income of the company has surged by 36.06% at Rs 13686.65 crore for year under review as compared to Rs 10059.62 crore for the period ended March 31, 2014.

For the year ended March 31, 2015, on the consolidated basis, the company has posted a net profit of Rs 133.89 crore as compared to a net loss of Rs 164.12 crore for the same period in the previous year. Total income of company has increased by 34.12% at Rs 15529.71 crore for year under review as compared to Rs 11579.16 crore for the period ended March 31, 2014.

Peers
Company Name CMP
Tata Motors 427.70
Ashok Leyland 149.70
Force Motors 16955.80
Olectra Greentech 1085.65
SML Mahindra 6056.90
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