Ashok Leyland Q4 results: Consolidated net profit falls 20% to Rs 751 crore

Commercial vehicles maker Ashok Leyland, on Tuesday, posted a consolidated net profit of Rs 751 crore for the March quarter. This is 19.97 per cent decline from Rs 901 crore a year ago, the company statement said.

The company’s consolidated revenue from operation rose by 32.95 per cent to Rs 11,626 crore for the March quarter as compared to Rs 8,744 crore in the year-ago period.
Ashok Leyland, the flagship company of the Hinduja group and India’s leading commercial vehicle manufacturer, on Thursday announced the appointment of Shenu Agarwal as its new managing director and chief executive officer.

Shenu joins Ashok Leyland from Escorts Kubota Ltd, where he was president. He was chief executive for the agribusiness for more than seven years and associated closely with the transformation of Escorts into a leadership position by ushering in contemporary global standards of design, quality, and manufacturing.

Assuming charge, Agarwal will drive the technology development, growth, and future strategy for the company towards achieving our vision to be among the top 10 Commercial Vehicle players globally.