Ashok Leyland Shares Surge 8% on Strong Q4 Earnings
By Rediff Money Desk, New Delhi May 27, 2024 17:34
Ashok Leyland shares rallied nearly 8% on Monday after the company reported a 16.73% rise in consolidated net profit to Rs 933.69 crore in the March quarter.
![Ashok Leyland Shares Surge 8% on Strong Q4 Earnings](https://im.rediff.com/money/2021/apr/28earnings.jpg)
Illustration: Dominic Xavier/Rediff.com
New Delhi, May 27 (PTI) Shares of Ashok Leyland on Monday rallied nearly 8 per cent after the company reported a 16.73 per cent increase in consolidated net profit to Rs 933.69 crore in the March quarter.
The stock jumped 7.69 per cent and ended at Rs 226.75 on the BSE. During the day, it climbed 8.59 per cent to the 52-week high of Rs 228.65.
At the NSE, it zoomed 7.78 per cent to Rs 227.10.
The company added Rs 4,756.85 crore taking its market valuation to Rs 66,581.22 crore.
The company had posted a net profit of Rs 799.87 crore in the same period of the previous fiscal, Ashok Leyland said in a regulatory filing on Friday.
Consolidated revenue from operations in the quarter under review stood at Rs 13,577.58 crore as compared to Rs 13,202.55 crore in the year-ago period, it added.
Total expenses in the fourth quarter were marginally lower at Rs 12,037.16 crore as compared to Rs 12,085.5 crore in the corresponding period of the previous year.
For the fiscal ended March 31, 2024, net profit was at Rs 2,696.34 crore as compared to Rs 1,358.82 crore in the previous fiscal.
In FY24, consolidated revenue from operations was at Rs 45,790.64 crore as compared to Rs 41,672.6 crore in FY23, the company said.
The stock jumped 7.69 per cent and ended at Rs 226.75 on the BSE. During the day, it climbed 8.59 per cent to the 52-week high of Rs 228.65.
At the NSE, it zoomed 7.78 per cent to Rs 227.10.
The company added Rs 4,756.85 crore taking its market valuation to Rs 66,581.22 crore.
The company had posted a net profit of Rs 799.87 crore in the same period of the previous fiscal, Ashok Leyland said in a regulatory filing on Friday.
Consolidated revenue from operations in the quarter under review stood at Rs 13,577.58 crore as compared to Rs 13,202.55 crore in the year-ago period, it added.
Total expenses in the fourth quarter were marginally lower at Rs 12,037.16 crore as compared to Rs 12,085.5 crore in the corresponding period of the previous year.
For the fiscal ended March 31, 2024, net profit was at Rs 2,696.34 crore as compared to Rs 1,358.82 crore in the previous fiscal.
In FY24, consolidated revenue from operations was at Rs 45,790.64 crore as compared to Rs 41,672.6 crore in FY23, the company said.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.74 (+ 2.62)
- 84886833
- Srestha Finvest
- 2.24 (+ 4.67)
- 34707853
- Ola Electric Mobilit
- 132.76 (+ 19.99)
- 27685743
- Suzlon Energy Ltd.
- 79.93 (+ 4.10)
- 27308498
- IFL Enterprises
- 1.22 (+ 4.27)
- 24757806
MORE NEWS
![Sebi Eases...](https://im.rediff.com/80-80/money/2024/aug/10sebi1.jpg)
Sebi Eases Compliance for Listed NCDs - New...
Sebi proposes amendments to simplify compliance requirements for entities with listed...
![Chandrasekaran:...](https://im.rediff.com/80-80/news/2018/jan/04modi.jpg)
Chandrasekaran: Learn From Indian Wisdom &...
Tata Group Chairman N Chandrasekaran emphasizes the importance of learning from Indian...
JSW Cement Files IPO Papers to Raise Rs 4,000...
JSW Cement has filed draft papers with Sebi for an IPO to raise Rs 4,000 crore. The IPO...