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Ashok Leyland reports over six-fold jump in Q3 net profit

12 Feb 2016 Evaluate

Ashok Leyland has reported results for third quarter ended December 31, 2015.

The company has reported over six fold jump in its net profit at Rs 198.63 crore for the quarter ended December 31, 2015 as compared to Rs 32.09 crore for the same quarter in the previous year. Total income of the company has increased by 21.70% at Rs 4111.22 crore for quarter under review as compared to Rs 3378.26 crore for the quarter ended December 31, 2014.

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.

Peers
Company Name CMP
Tata Motors 428.15
Ashok Leyland 149.35
Force Motors 16950.00
Olectra Greentech 1084.25
SML Mahindra 6130.00
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