Ashok Leyland Limited Reports Unaudited Standalone Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2016
January 25, 2017 at 05:49 pm IST
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Ashok Leyland Limited reported unaudited standalone earnings results for third quarter and nine months ended Dec. 31, 2016. For the quarter, the company reported revenue from operations of INR 46,278.33 million, profit from operations before other income and finance costs and exceptional items of INR 3,350.023 million, profit from ordinary activities before tax of INR 2,636.838 million, net profit of INR 1,858.787 million or INR 0.65 per basic and diluted share, compared to the revenue from operations of INR 42,819.741 million, profit from operations before other income and finance costs and exceptional items of INR 3,298.373 million, profit from ordinary activities before tax of INR 2,925.948 million, net profit of INR 2,137.045 million or INR 0.75 per basic and diluted share, for the same quarter a year ago.
For the year to date, the company reported revenue from operations of INR 138,684.998 million, profit from operations before other income and finance costs and exceptional items of INR 11,064.387 million, profit from ordinary activities before tax of INR 10,937.43 million, net profit of INR 7,710.731 million or INR 2.71 per basic and diluted share, compared to the revenue from operations of INR 134,755.812 million, profit from operations before other income and finance costs and exceptional items of INR 11,148.192 million, profit from ordinary activities before tax of INR 8,273.926 million, net profit of INR 5,304.1 million or INR 1.86 per basic and diluted share, for the same period a year ago.
Ashok Leyland Limited is an India-based company that is engaged in automobile manufacturing. The main activities of the Company relate to manufacturing, sales, vehicle and housing finance, IT services and services related to a wide range of commercial vehicles. The Company is also engaged in manufacturing engines for industrial and marine applications, forgings and castings. Its segments include Commercial vehicles and Financial service. Its truck product categories include haulage, ICV, tippers and tractors. Its bus product categories include city, intercity, school and college, staff, stage carrier, and tourist. The Company's light vehicle product categories include light commercial vehicle, small commercial vehicle, goods carrier and passenger. The Company's power solutions include agricultural engines, diesel generators, industrial engines, marine engines and gas genset. Its defense products include armored, high mobility, light tactical, logistics, simulator and tracked vehicles.