Ashok Leyland
By
Ruma Dubey
about 8 years ago
Ashok Leyland posted a good show for Q3FY17. Total income rose 8% (YoY) at Rs.4724 crore but net profit fell 13% to Rs.186 crore and this was on account of forex loss of Rs.64 crore.
EBITDA was up 1% at Rs.454 crore but margins slipped from 10.92% to 10.25%. Apart from the forex loss, the 30.5% rise in raw material costs and overall 9% increase in costs is what affected the bottomline.
The good part – interest costs for the quarter were down 48% and the company’s 9MFY17 net profit of Rs.771 crore is already 113% of FY16 net profit. Annualised EPS stands at Rs.3.6 (FV of Re.1) on an equity capital of Rs.284.59 crore.
217.55 (+0.20)
1st Mar 2017 at 08:33 am