Ashok Leyland had a foreign exchange gain of Rs 6.56 crore in the quarter.
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.
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.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
