Ashok Leyland stock rises as firm posts 70.84% rise in Q2 profit

 BT Online        Last Updated: November 8, 2016  | 16:30 IST
Ashok Leyland stock rises as firm posts 70.84% rise in Q2 profit

The Ashok Leyland stock rose on Tuesday after the firm posted net profit of Rs 294 crore for the quarter ended September 30, 2016 compared with Rs 172.2 crore for the quarter ended September 30, 2015.

However, its total income fell to Rs 4,943.23 crore for the quarter ended September 30, 2016, compared with Rs 5,319.80 crore in the corresponding quarter of last fiscal.

Other income fell to Rs 3161 lakh in the reporting quarter against Rs 4544 lakh in the corresponding quarter of the preceding fiscal.

The stock closed 2.34 per cent higher at Rs 91.75 level on the BSE.

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