Ashok Leyland rides high on reporting many fold jump in Q4 consolidated net profit
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Ashok Leyland is currently trading at Rs. 126.30, up by 8.10 points or 6.85% from its previous closing of Rs. 118.20 on the BSE.
The scrip opened at Rs. 123.70 and has touched a high and low of Rs. 129.35 and Rs. 122.10 respectively. So far 3415365 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 138.85 on 04-Feb-2021 and a 52 week low of Rs. 46.60 on 30-Jun-2020.
Last one week high and low of the scrip stood at Rs. 129.35 and Rs. 112.55 respectively. The current market cap of the company is Rs. 37178.45 crore.
The promoters holding in the company stood at 51.54%, while Institutions and Non-Institutions held 34.80% and 13.58% respectively.
Ashok Leyland has reported results for fourth quarter and year ended March 31, 2021.
The company has reported net profit at Rs 241.17 crore for the quarter under review as compared to net loss at Rs 57.32 crore for the same quarter in the previous year. Total income of the company increased by 81.74% at Rs 7038.44 crore for Q4FY21 as compared Rs 3872.90 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported many fold jump in its net profit attributable to owners at Rs 352.56 crore for the quarter under review as compared to Rs 18.07 crore for the same quarter in the previous year. Total income of the company increased by 59.48% at Rs 8176.73 crore for Q4FY21 as compared Rs 5127.11 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported net loss at Rs 313.68 crore as compared to net profit Rs 239.52 crore for the previous year. Total income of the company decreased by 12.34% at Rs 15420.95 crore for year under review as compared to Rs 17590.81 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the company has reported net loss at Rs 165.23 crore as compared to net profit at Rs 336.67 crore for the previous year. Total income of the company decreased by 11.21% at Rs 19585.26 crore for year under review as compared to Rs 22059.10 crore for year ended March 31, 2020.
