The marginal increase in net profit can be attributed to the impact of Rs 255-crore provision on its IL&FS exposure, which shrunk its bottomline growth to a tepid 4.6 percent in the September quarter as well.

Shares of Ashok Leyland will remain in focus after Hinduja group flagship firm acquired 27.25 per cent additional stake in Ashley Aviation Ltd (AAL), increasing its shareholding in the firm to 76.25 per cent.

The Hinduja group flagship firm proposes to acquire the balance equity shares held by individuals in AAL before March 31, 2019.

Chief executive officer Vinod K Dasari resigned after nearly 14 years with the company, the truckmaker said. The company board has accepted his resignation, a top official said on Tuesday.

Dasari cited personal reasons and said that he had been thinking of quitting for a while.

The net worth of the chairman of Reliance Industries stood at Rs 3,71,000 crore as on July 31, 2018.