Ashok Leyland posts 286% jump in net - Views on News from Equitymaster

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Ashok Leyland posts 286% jump in net

Apr 21, 2000

Ashok Leyland has posted an excellent jump in its profits by 285.5% to Rs 785 million compared toRs 204 million in the previous period. However Rs 212.6 million out of this profits is due to a mandatory change in the norms for valuation of inventory. Excluding this the profit would have been higher by 181% to Rs 572 million.

(Rs m) FY1999 FY2000 Change
Sales 20,515 26,027 26.9%
Other Income 290 87 -69.8%
Expenditure 18,863 23,528 24.7%
Operating Profit (EBDIT) 1,652 2,499 51.3%
Operating Profit Margin (%) 8.1% 9.6%  
Interest 946 829 -12.4%
Depreciation 762 824 8.2%
Profit before Tax 233 933 300.2%
Tax 30 148 401.7%
Profit after Tax/(Loss) 204 785 285.5%
Net profit margin (%) 1.0% 3.0%  
Earnings per share* 1.71 6.60  

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