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Reduction in interest saves Ashok Leyland Finance - Views on News from Equitymaster
 
 
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  • Jan 25, 2000

    Reduction in interest saves Ashok Leyland Finance

    A reduction in interest costs has saved the bottomline for Ashok Leyland Finance. This could either indicate that the company has either reduced its interest costs or is reducing its business.

    (Rs m) 3QFY2000 3QFY1999 Change
    Income from operations 635.4 703.5 -9.7%
    Other Income 19.7 33.1 -40.5%
    Expenditure 57.2 53.7 6.5%
    Interest 391.0 474.7 -17.6%
    Depreciation 79.2 92.0 -13.9%
    Profit before Tax 67.7 56.2 20.5%
    Tax 11.0 2.5 340.0%
    Profit after Tax/(Loss) 56.7 53.7 5.6%
    Net profit margin (%) 8.9% 7.6%  

     

     

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