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Ashok Leyland third-quarter profit falls, but beats expectations

Reuters 

(Reuters) - Automaker Ashok Leyland Ltd posted a 21.5 percent fall in its third-quarter profit on Thursday, hurt by weak consumer demand. Profit fell to 3.81 billion rupees ($53.56 million) for the three months ended Dec. 31, compared with 4.85 billion rupees a year earlier, the company said.Analysts on average had expected the company to post a profit of 2.76 billion rupees, according to Refinitiv data. Income from operations dipped 11.4 percent to 62.45 billion rupees.($1 = 71.1360 rupees) (Reporting by Tanvi Mehta in Bengaluru; Editing by Shreejay Sinha)(This story has not been edited by ...

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First Published: Thu, February 14 2019. 15:28 IST
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