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Ashok Leyland tanks 8% to Rs 124.10 after Rs 19 crore Q3 net loss

The company had reported a net profit of Rs 28 crore in October-December quarter of 2019-20

Ashok Leyland | Q3 results | Ashok Leyland Auto

Press Trust of India  |  New Delhi 

Ashok Leyland
Ashok Leyland logo (Photo: @ALIndiaOfficial)

Shares of on Friday tumbled 8 per cent after the company reported a net loss of Rs 19 crore for the third quarter ended December 31, 2020.

The stock tanked 8 per cent to Rs 124.10 on BSE.

On NSE, it plunged 6.77 per cent to Rs 125.90.

The company had reported a net profit of Rs 28 crore in October-December quarter of 2019-20.

The revenues for the third quarter on a standalone basis stood at Rs 4,814 crore as compared with Rs 4,016 crore in the year-ago period, said in a statement.

The company said its domestic light commercial vehicle (LCV) volumes during the third quarter stood at 15,991 units, up 3 per cent from 12,574 units in the same period of previous fiscal.

Export volumes during the period under review stood at 2,941 units, up 24 per cent from 2,371 units in October-December period of 2019-20.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, February 12 2021. 11:46 IST