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Ashok Leyland reports over 3 fold jump in Q1 net profit

17 Jul 2018 Evaluate

Ashok Leyland has reported results for first quarter ended June 30, 2018.

The company has reported over 3 fold jump in its net profit at Rs 370.10 crore for the quarter under review as compared to Rs 111.24 crore for the same quarter in the previous year. Total income of the company increased by 37.77% at Rs 6,300.11 crore for Q1FY19 as compared Rs 4,572.87 crore for the corresponding quarter previous year.

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 1083.65
SML Mahindra 6087.35
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