Ashok Leyland s standalone Q4 net profit at Rs 476 cr

Mumbai May 25 (IANS) Commercial vehicles manufacturer Ashok Layland on Thursday reported a net profit of Rs 476 crore in its standalone net profit for the fourth quarter (Q4) of 2016-17.

According to the company its standalone net profit during the quarter under review stood at Rs 476 crore from a net loss of Rs 141 crore in the corresponding period of 2015-16.

The commercial vehicles manufacturer s revenue for the fourth quarter increased by 13 per cent to Rs 7 057 crore from Rs 6 237 crore earned during Q4 of FY16.

--IANS
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