 "Ashok Leyland swings back into profit in Q4 as vehicle sales grow")
Ashok Leyland posted a net profit in the fourth quarter against a net loss in the same period last year, as the truck maker sold more medium and heavy commercial vehicles.
Net profit stood at Rs 476 crore ($73.72 million) in the quarter ended March 31, compared with a loss of Rs 141 crore, the company said on Thursday.
Analysts on average estimated the company, which is majority-owned by the UK -based Hinduja Group, to post a profit of Rs 434 crore in the March-quarter, Thomson Reuters data showed.
The company said sales of medium and heavy commercial vehicles rose 10 percent to 38,643 units in the quarter.
Ashok Leyland shares were up 4.5 per cent as of 0942 GMT.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app