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Ashok Leyland shines on reporting many fold jump in Q1 consolidated net profit
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Ashok Leyland is currently trading at Rs. 182.30, up by 6.65 points or 3.79% from its previous closing of Rs. 175.65 on the BSE.
The scrip opened at Rs. 176.00 and has touched a high and low of Rs. 183.25 and Rs. 174.60 respectively. So far 2189897 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 183.25 on 21-Jul-2023 and a 52 week low of Rs. 133.10 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 183.25 and Rs. 171.30 respectively. The current market cap of the company is Rs. 53525.60 crore.
The promoters holding in the company stood at 51.53%, while Institutions and Non-Institutions held 37.45% and 11.01% respectively.
Ashok Leyland has reported results for first quarter ended June 30, 2023 (Q1FY24).
The company has reported over 8 - fold jumps in its net profit at Rs 576.42 crore for the quarter under review as compared to Rs 68.05 crore for the same quarter in the previous year. Total income of the company increased by 13.69% at Rs 8240.47 crore for Q1FY24 as compared Rs 7248.49 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported many fold jumps in its net profit at Rs 584.49 crore for the quarter ended June 30, 2023 as compared to Rs 21.94 crore for the same quarter in the previous year. Total income of the company increased by 14.54% at Rs 9735.45 crore for Q1FY24 as compared Rs 8499.54 crore for the corresponding quarter previous year.
