Ashok Leyland to invest up to Rs 1,300cr; cut debt by Rs 300cr
Ashok Leyland scrip was trading 6.02 per cent up at Rs 25.55 in the afternoon on the BSE.
Yesterday, the company had reported 7.45 per cent dip in net profit to Rs 142.59 crore for the quarter ended September 30. It had posted a net profit of Rs 154.08 crore for the quarter ended September 30, 2011.
Its total income rose, however, to Rs 3,319.91 crore during the quarter, from Rs 3,128.27 crore in the same period of last fiscal, up 6.13 per cent.
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