Ashok Leyland has reported results for the fourth quarter and year ended March 31, 2020.
The company has reported net loss of Rs 57.32 crore for the quarter under review as against net profit of Rs 652.99 crore for the same quarter in the previous year. Total income of the company decreased by 56.26% at Rs 3,872.90 crore for Q4FY20 as compared Rs 8,855.01 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 97.46% fall in its net profit attributable to owner of Rs 18.07 crore for the quarter under review as against Rs 712.53 crore for the same quarter in the previous year. Total income of the company decreased by 48.21% at Rs 5,127.11 crore for Q4FY20 as compared Rs 9,900.10 crore for the corresponding quarter previous year.
For the year ended March 31, 2020, the company has reported 87.92% fall in its net profit of Rs 239.52 crore as compared to Rs 1,983.20 crore for the previous year. Total income of the company decreased by 39.68% at Rs 17,590.81 crore for year under review as compared to Rs 29,164.89 crore for year ended March 31, 2019.
For the year ended March 31, 2020, on the consolidated basis, the company has reported 83.80% fall in its net profit attributable to owner of Rs 336.67 crore as compared to Rs 2,078.70 crore for the previous year. Total income of the company decreased by 33.81% at Rs 22,059.10 crore for year under review as compared to Rs 33,324.90 crore for year ended March 31, 2019.
