Ashok Leyland Q4 profit jumps 5-folds to Rs. 803 crore
The company had posted a consolidated net profit of Rs 157.85 cr for the same quarter previous fiscal
Keen to get external investment for EV arm
New Delhi: Commercial vehicles maker Ashok Leyland on Tuesday reported an over five-fold jump in consolidated net profit at Rs 802.71 crore for the fourth quarter ended March 31, 2023 riding on robust sales.
The company had posted a consolidated net profit of Rs 157.85 crore for the same quarter previous fiscal, Ashok Leyland said in a regulatory filing. Revenue from operations during the quarter under review stood at Rs 13,202.55 crore as against Rs 9,926.97 crore in the year-ago period, it added. Total expenses in the quarter stood at Rs 12,085.5 crore as against Rs 9,429.55 crore earlier. For fiscal year ended March 31, 2023 consolidated net profit was at Rs 1,361.66 crore. The company had posted a net loss of Rs 285.45 crore in FY22. Revenue from operations in FY23 stood at Rs 41,672.6 crore as compared to Rs 26,237.15 crore in FY22.
