Ashok Leyland Q2 net profit jumps 71% to Rs 294.41 cr

Ashok Leyland Q2 net profit jumps 71% to Rs 294.41 cr
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Story Dated : November 8, 2016

New Delhi: Hinduja flagship firm Ashok Leyland on Tuesday reported a 70.96 per cent increase in standalone net profit at Rs 294.41 crore for the second quarter ended September 30, 2016.

The company had posted a standalone net profit of Rs 172.2 crore in the same period last fiscal, Ashok Leyland said in a BSE filing.

Its total income from operations stood at Rs 4,911.62 crore as against Rs 5,274.36 crore in the year ago period, down 6.87 per cent.

While, the company had a foreign exchange gain of Rs 6.56 crore in the quarter under review, in the year-ago period it had incurred an exceptional item loss of Rs 157 crore as impairment loss in respect of investments in joint ventures and subsidiaries.

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