Ashok Leyland surges on reporting consolidated net profit of Rs 351 crore in Q3
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Ashok Leyland is currently trading at Rs. 153.85, up by 6.15 points or 4.16% from its previous closing of Rs. 147.70 on the BSE.
The scrip opened at Rs. 153.05 and has touched a high and low of Rs. 155.10 and Rs. 146.80 respectively. So far 612438 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 93.20 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 155.10 and Rs. 143.35 respectively. The current market cap of the company is Rs. 46262.38 crore.
The promoters holding in the company stood at 51.53%, while Institutions and Non-Institutions held 36.55% and 11.93% respectively.
Ashok Leyland has reported results for third quarter ended December 31, 2022 (Q3FY23). The company has reported many fold jump in its net profit at Rs 361.34 crore for the quarter under review as compared to Rs 5.76 crore for the same quarter in the previous year. Total income of the company increased 63.18% at Rs 9,061.26 crore for Q3FY23 as compared to Rs 5,552.80 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net profit at Rs 351.21 crore for the quarter under review as compared to net loss of Rs 107.57 crore for the same quarter in the previous year. Total income of the company increased 56.24% at Rs 10,430.39 crore for Q3FY23 as compared to Rs 6,675.83 crore for the corresponding quarter previous year.
