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.
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