Automaker Ashok Leyland Ltd posted a 21.5 per cent fall in its third-quarter profit on Thursday, hurt by weak consumer demand.
Profit fell to Rs 381 crore ($53.56 million) for the three months ended December 31, compared with Rs 485 crore a year earlier, the company said.
Analysts on average had expected the company to post a profit of Rs 276 crore, according to Refinitiv data.
Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on ndtv.com/elections. Like us on Facebook or follow us on Twitter and Instagram for updates from each of the 543 parliamentary seats for the 2019 Indian general elections.