Ashok Leyland Limited has posted a steep drop in net profit for the period Q1 (ending Jun 11) of the current fiscal (FY11-12). During the said quarter, net profit declines 29.7% to Rs 86.25 crores in comparison to Rs 122.64 crores of Q1 (ending Jun 10) of previous year (FY10-11). Ashok Leyland Ltd. is a Hinduja Group flagship company manufacturing commercial vehicles . The company is India’s second biggest truck-maker.
The company has informed the share market (BSE/NSE) that the total income/sales rose marginally 6.21% to Rs 2499.62 crore in Q1 (ending Jun 2011) of the current fiscal (FY11-12) when compared with the same quarter Q1 (ending Jun 2010) of previous year (FY10-11). Total income/sales was Rs 2353.32 crores in last year’s quarter Q1.
Share’s Data :
BSE Code : 500477
Mkt. Cap: Rs 6,744.62 Crores
Ashok Leyland Ltd. share’s CMP is Rs 50.70 on 19th July 2011
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