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Ashok Leyland reports 12% fall in Q4 net profit

Ashok Leyland has reported results for fourth quarter and year ended March 31, 2019. The company has reported a fall of 12.13 % in its net profit at Rs 652.99 crore for the quarter under review as compared to Rs 743.12 crore for the same quarter in the previous year. However, total income of the company marginally increased by 0.18% at Rs 8,855.01 crore for Q4FY19 as compared Rs 8,839.50 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 15.45% in its net profit at Rs 1,983.20 crore as compared to Rs 1,717.73 crore for the previous year. Total income of the company increased by 8.70% at Rs 29,164.89 crore for year under review as compared to Rs 26,829.58 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 20.99% in its net profit at Rs 2,194.60 crore as compared to Rs 1,813.82 crore for the previous year. Total income of the company increased by 10.65% at Rs 33,324.90 crore for year under review as compared to Rs 30,116.25 crore for year ended March 31, 2018.

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