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 | 7 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.
Ashok Leyland announced that the Board of Directors of the Company at its meeting held on 18 May 2018, has recommended a final dividend of Rs.2.43 per share (i.e.243%), subject to the approval of the shareholders.
