 "Ashok Leyland")
The steps taken by Ashok Leyland (ALL) over the past few years, along with an improving industrial climate, are helping the company gain ground in its business and improve its financials. The quarter ended December 2017 (Q3) is evidence of that.
And the company’s management and analysts say the situation will be better.
Stellar third quarter
To begin with, aided by technological advancements and regulatory changes, ALL's net profit jumped almost three-fold to Rs 4.49 billion in Q3 from Rs 1.61 billion in the same period a year earlier, overtaking analysts’ estimates of Rs 4 billion.
And the company’s management and analysts say the situation will be better.
Stellar third quarter
To begin with, aided by technological advancements and regulatory changes, ALL's net profit jumped almost three-fold to Rs 4.49 billion in Q3 from Rs 1.61 billion in the same period a year earlier, overtaking analysts’ estimates of Rs 4 billion.
