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Ashok Leyland Posts Rs 381 Crore Profit In December Quarter

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Automaker Ashok Leyland Ltd posted a 21.5 per cent fall in its third-quarter profit on Thursday, hurt by weak consumer demand.

Profit fell to Rs 381 crore ($53.56 million) for the three months ended December 31, compared with Rs 485 crore a year earlier, the company said.

Analysts on average had expected the company to post a profit of Rs 276 crore, according to Refinitiv data.

Source: NDTV Profit