Ashok Leyland's subsidiary Hinduja Leyland Finance filed DRHP with SEBI
18 - Jun - 2018 12:00 AM | 4 days ago
Ashok Leyland announced that Hinduja Leyland Finance, a subsidiary of the company has filed on 14 June 2018, the Draft Red Herring Prospectus with Securities and Exchange of India (SEBI) for the proposed initial public offering of equity shares.
Ashok Leyland Ltd rose for a third straight session today
29 - May - 2018 12:00 AM | 24 days ago
Ashok Leyland Ltd rose for a third straight session today. The stock is quoting at Rs 149.25, up 1.81% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.11% on the day, quoting at 10677.35. The Sensex is at 35099.37, down 0.19%. Ashok Leyland Ltd has dropped around 9.24% in last one month.
Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has dropped around 4.89% in last one month and is currently quoting at 11007.15, up 0.45% on the day. The volume in the stock stood at 78.36 lakh shares today, compared to the daily average of 178.37 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 149.1, up 1.84% on the day. Ashok Leyland Ltd is up 59.2% in last one year as compared to a 10.94% gain in NIFTY and a 2.36% gain in the Nifty Auto index.
The PE of the stock is 27.32 based on TTM earnings ending March 18.
Ashok Leyland has allotted 37,27,000 equity shares of Re.1/- each to Vinod K Dasari, Chief Executive Officer and Managing Director upon exercise of stock options granted under Ashok Leyland Employees Stock Option Plan 2016.
Upon the above allotment, the paid-up equity share capital of the Company stand increased from Rs. 2931,400,276/- divided into 2931,400,276/- equity shares of Re.1/- each to Rs.2935,127,276/- divided into 2935,127,276 equity shares of Re.1/- each.
Ashok Leyland standalone net profit rises 40.16% in the March 2018 quarter
18 - May - 2018 12:00 AM | 35 days ago
Net profit of Ashok Leyland rose 40.16% to Rs 667.38 crore in the quarter ended March 2018 as against Rs 476.17 crore during the previous quarter ended March 2017. Sales rose 31.84% to Rs 8772.49 crore in the quarter ended March 2018 as against Rs 6653.74 crore during the previous quarter ended March 2017.
For the full year,net profit rose 27.76% to Rs 1562.59 crore in the year ended March 2018 as against Rs 1223.08 crore during the previous year ended March 2017. Sales rose 30.33% to Rs 26247.91 crore in the year ended March 2018 as against Rs 20140.13 crore during the previous year ended March 2017.
