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Ashok Leyland Q3 net profit dips 21 pc to Rs 381 cr, says hopeful about LCV

The company's total income declined by 12.3 per cent to Rs 6346.04 crore during the quarter, compared to Rs 7232.39 crore in the corresponding quarter of previous year.

Ashok Leyland
Ashok Leyland logo (Photo: @ALIndiaOfficial)

Commercial vehicle manufacturer Ashok Leyland Ltd on Thursday posted a 21.5 per cent decline in net profit at Rs 380.84 crore during the quarter ended December 31, 2018, compared to Rs 484.86 crore in the same quarter last year. The company's total income declined by 12.3 per cent to Rs 6346.04 crore during the quarter, compared to Rs 7232.39 crore in the corresponding quarter of previous year. Gopal Mahadevan, CFO, Ashok Leyland, said that the total industry volume (TIV) for the quarter was lower by 7 per cent owing to the high base in last year.  "If ...