Rudra Investment Stock Tips Expert, Commercial vehicle maker Ashok Leyland has received good growth on Tuesday. On the NSE, the stock has risen by 7%. This fast growth in Ashok Leyland's stock came in the first quarter of 2018-19 due to the company's good results. Ashok Leyland's net profits increased 233.33 percent to Rs 370 crore in the first quarter. After this news, the stock of the company rose 6.52 per cent to the NSE at Rs 133.90.
Net Profit by 233% in Q1
Ashok Leyland's net profits increased 233.33 percent to Rs 370 crore in the first quarter of the fiscal year 2019. Last year, the company's net profit was at Rs. 111.2 crores in the same quarter.
Income increased 47 percent
At the same time, Ashok Leyland's income rose 47 percent to Rs 6,250 crore in the first quarter of the financial year 2019, compared to Rs 4258 crore in the same period last year.
EBITDA margin up 10.4 percent
Ashok Leyland's EBITDA increased to Rs 648 crores from Rs 306 crores in the first quarter on a yearly basis. On the basis of the first quarter, the company's EBITDA margin has increased from 7.2 percent to 10.4 percent.
Move on such a stock
The stock began with a slight increase before Ashok Leyland's first quarter result was released on Tuesday. On the NSE, the stock rose by 0.24 per cent to open at a price of Rs 126. In the first quarter after the result of better recovery, stocks gained in the stock and NSE gained 6.52 per cent to Rs. 133.90, which is the high level of intra-day.
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Net Profit by 233% in Q1
Ashok Leyland's net profits increased 233.33 percent to Rs 370 crore in the first quarter of the fiscal year 2019. Last year, the company's net profit was at Rs. 111.2 crores in the same quarter.
Income increased 47 percent
At the same time, Ashok Leyland's income rose 47 percent to Rs 6,250 crore in the first quarter of the financial year 2019, compared to Rs 4258 crore in the same period last year.
EBITDA margin up 10.4 percent
Ashok Leyland's EBITDA increased to Rs 648 crores from Rs 306 crores in the first quarter on a yearly basis. On the basis of the first quarter, the company's EBITDA margin has increased from 7.2 percent to 10.4 percent.
Move on such a stock
The stock began with a slight increase before Ashok Leyland's first quarter result was released on Tuesday. On the NSE, the stock rose by 0.24 per cent to open at a price of Rs 126. In the first quarter after the result of better recovery, stocks gained in the stock and NSE gained 6.52 per cent to Rs. 133.90, which is the high level of intra-day.
For More Info Visit Here: Stock Tips Expert
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