Ashok Leyland has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 16.64% fall in its net profit at Rs 751.41 crore for the quarter under review as compared to Rs 901.37 crore for the same quarter in the previous year. However, total income of the company increased by 33.03% at Rs 11664.59 crore for Q4FY23 as compared to Rs 8768.45 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 5- fold jump in its net profit at Rs 802.71 crore for fourth quarter ended March 31, 2023 as compared to Rs 157.85 crore for the same quarter in the previous year. Total income of the company increased by 32.89% at Rs 13233.16 crore for Q4FY23 as compared to Rs 9957.95 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported above 2- fold jump in its net profit at Rs 1380.11 crore as compared to Rs 541.83 crore for the previous year. Total income of the company increased by 66.60% at Rs 36260.28 crore for year under review as compared to Rs 21764.42 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported net profit at Rs 1361.66 crore as compared to net loss of Rs 285.45 crore for the previous year. However, total income of the company increased by 58.73% at Rs 41783.37 crore for year under review as compared to Rs 26323.96 crore for year ended March 31, 2022.
