On the year-on-year basis, the country’s third largest automobile maker, Ashok Leyland, reported a 21.5% fall in the October-December quarter profit.
The company made profit of Rs 380.84 crore in the same period of 2018 compared to Rs 484.86 crore in the October-December quarter of 2017. Ashok Leyland’s net income fell 12% to Rs 6,325 crore from Rs 7,190 crore. It is also reported that Ashok Leyland’s earnings have declined by 15.8% on a quarterly basis.
However, despite the decline in earnings and income, according to ICICI Securities, Ashok Leyland’s results were better than the estimates. The broking firm estimated the company’s income of Rs 324 crore and earnings of Rs 6,069 crore.
On the year-on-year basis, the company’s Ebitda fell by 22.6% to Rs 649.6 crore and Ebitda margin by 140 basis points to 10.3%. Talking about sales, the company sold 43,763 vehicles in the quarter. Sales of the company are affected due to
Stocks of Ashok Leyland today are under pressure due to the fall in revenue and profits. The stock of the company fell to Rs. 82.30, falling further to the lowest level of Rs. 80.15, with the fall of the previous close of Rs 84.50 in the BSE. At approximately 11 o’clock, it is at a price of Rs. 81.20 with a weakness of 3.30 rupees or 3.91%. At the same time, its last 52-week peak is Rs 167.50 and the lowest level is 77.75 rupees.
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