Ashok Leyland Q2 Profit Jumps 71% To Rs 294 Crore

New Delhi: Hinduja flagship firm Ashok Leyland on Tuesday reported a 70.96 per cent increase in standalone net profit at Rs 294.41 crore for the second quarter that ended on September 30, 2016.

The company had posted a standalone net profit of Rs 172.2 crore for the corresponding period last fiscal year, it said in a filing to the BSE.

Total income from operations stood at Rs 4,911.62 crore in the quarter under review, as against Rs 5,274.36 crore in the year-ago period - a decrease of 6.87 per cent.

The company had a foreign exchange gain of Rs 6.56 crore in the quarter under review. In the year-ago period, it had incurred an exceptional item loss of Rs 157 crore as impairment loss in respect of investments in joint ventures and subsidiaries.

At 2:34 p.m., shares in Ashok Leyland were trading 2.18 per cent higher at Rs 91.60 apiece on the BSE, whose benchmark Sensex index was up 0.22 per cent.