Q4FY17 Results: Ashok Leyland Ltd
Amir Shaikh / 25 May 2017
Ashok Leyland Ltd. reported its results for the quarter ended March 31, 2017. today.
Ashok Leyland Ltd. reported its results for the quarter ended March 31, 2017. today.
The company's total sales for Q4FY17 came in at Rs 6618.4 crore, which represents a 45.71 per cent sequential increase and 10.8 per cent YoY increase.
Its operating profit (EBIT) for the quarter was Rs 590.9 crore and its EBIT margin stood at 8.93 per cent.
The company reported PAT of Rs 476.16 crore, which represents a sequential QoQ increase of 194.45 per cent.
The company's stock opened Rs 82.9 on the BSE and rose 4.56 per cent before closing at Rs 86.05.
The board of directors has approved dividend of Rs 1.56 per share on FV value of Re 1
The company is engaged in manufacturing of commercial vehicles and related components. Through its subsidiaries, it is engaged in manufacturing and trading in medium and heavy commercial vehicles, light commercial vehicles, passenger vehicles, automotive aggregates, vehicle financing and engineering design services.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.