INSUBCONTINENT EXCLUSIVE:
Shares of Ashok Leyland ended at Rs 81.55 on Thursday while the BSE sensex closed 106.11 points down (-0.26%) at 41,459.79.
Company
FinancialsFor the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 5148.15 Crore, up 2.29 % from last quarter
Sales of Rs 5033.06 Crore and down -30.48 % from last year same quarter Sales of Rs 7405.78 Crore Company has reported net profit after tax
of Rs 56.64 Crore in latest quarter
Shahaney, Mr.Manisha Girotra, Mr.Jose Maria Alapont, Mr.Jean Brunol, Mr.Dheeraj G Hinduja, Mr.D L Balaji Rao, Dr.Andrew C Palmer, Mr.Vinod K
Company has Price Waterhouse - Co Chartered Accountants LLP as its auditors As on 31-12-2019, the company has a total of 2,935,527,276
Investment RationaleThe brokerage is expecting more pressure on pricing and material costs in the near term
The results seem to suggest that discounting continues to be elevated, said the brokerage
Yes Securities stock outlook remains constructive.
