New Delhi, Feb. 12 -- Ashok Leyland, the Indian flagship of the Hinduja Group announced its December quarter performance today, February 12, beating the street estimates. The company reported a 32% YoY jump in its standalone net profit at Rs.762 crore in the third quarter of the current fiscal. Its net profit stood at Rs.575 crore in the year-ago period. In the preceding September quarter, the net profit was Rs.770 crore.

The company's standalone revenue increased by 2.7% YoY to Rs.9, 478 crore as against Rs.9,273 crore in the year-ago period, which is an 2.21%.

On the operating front, the company reported an EBITDA of Rs.1,211 crore in Q3, while the margins came in at 12.8%.

(more to come)

Published by HT Digital Content Services wit...