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Ashok Leyland Q1 net profit jumps 232% to Rs 370 crore, beats estimates

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Hinduja Group flagship company, Ashok Leyland, on Tuesday posted 232.6 percent increase in its profit at Rs 370 crore for the first quarter ended June 31, 2018.

Hinduja Group flagship company, Ashok Leyland, on Tuesday posted 232.6 percent increase in its profit at Rs 370 crore for the first quarter ended June 31, 2018.
The company had reported a net profit of Rs 111.2 crore for the same period of the previous fiscal.
Revenue rose to Rs 6,250 crore during the fourth quarter as against Rs 4,258 in the same period of the previous fiscal, Ashok Leyland said in a regulatory filing.
Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter rose by 111.5% to Rs 647.5 crore against Rs 306.1 crore for the same period of the previous fiscal.