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Ashok Leyland reports consolidated net profit of Rs 351 crore in Q3

02 Feb 2023 Evaluate

Ashok Leyland has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported many fold jump in its net profit at Rs 361.34 crore for the quarter under review as compared to Rs 5.76 crore for the same quarter in the previous year. Total income of the company increased 63.18% at Rs 9,061.26 crore for Q3FY23 as compared to Rs 5,552.80 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit at Rs 351.21 crore for the quarter under review as compared to net loss of Rs 107.57 crore for the same quarter in the previous year. Total income of the company increased 56.24% at Rs 10,430.39 crore for Q3FY23 as compared to Rs 6,675.83 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Tata Motors 400.30
Ashok Leyland 145.15
Force Motors 16859.00
Olectra Greentech 977.15
SML Mahindra 4846.55
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