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Ashok Leyland Q4 profit crashes 42% to `150 cr

Hinduja Group firm Ashok Leyland on Friday reported a 42.01 per cent fall in its net profit at Rs 150.03 crore for the fourth quarter ended 31 March, 2013. The company had posted a net profit of Rs 258.73 crore for the corresponding period previous fiscal, Ashok Leyland said in a filing to BSE.

Net sales of the company stood at Rs 3,648.41 crore for the quarter under consideration as against Rs 4,254.32 crore for the same period year ago. Company’s Board of Directors has recommended a dividend of Rs 0.60 per share of the face value of Re 1 each.

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