Ashok Leyland standalone net profit declines 21.45% in the December 2018 quarter
14 - Feb - 2019 12:00 AM | 8 days ago
Net profit of Ashok Leyland declined 21.45% to Rs 380.84 crore in the quarter ended December 2018 as against Rs 484.86 crore during the previous quarter ended December 2017. Sales declined 11.43% to Rs 6245.21 crore in the quarter ended December 2018 as against Rs 7051.49 crore during the previous quarter ended December 2017.
Ashok Leyland acquires balance stake in Ashley Aviation
04 - Feb - 2019 12:00 AM | 18 days ago
Ashok Leyland has completed the acquisition of 4,50,005 shares of Rs 10 each constituting 11.25% in the paid up share capital of Ashley Aviation. Consequent to the said acquisition, the company's shareholding in Ashley Aviation stands increased from 88.75% to 100% making it a wholly owned subsidiary of the company.
The announcement was made during trading hours today, 1 February 2019.
Meanwhile, the S&P BSE Sensex was up 404.24 points, or 1.11% to 36,660.93.
On the BSE, 30.53 lakh shares were traded in the counter so far compared with average daily volumes of 16.73 lakh shares in the past two weeks. The stock had hit a high of Rs 87.15 and a low of Rs 80.85 so far during the day.
Ashok Leyland's sales of light commercial vehicles (LCV) rose 13% to 5,047 units, while total sales of medium & heavy commercial vehicles (M&HCV) rose 8% to 14,694 units in January 2019 over January 2018.
