Ashok Leyland share price slips lower after reporting of Q2 loss

Ashok Leyland share price slips lower after reporting of Q2 loss

Ashok Leyland's share price was down over a percent in the morning session on November 11 after the company reported loss in its Q2 results.

The Hinduja flagship firm reported a consolidated net loss of Rs 96.23 crore in the second quarter ended September. The company had posted a consolidated net profit of Rs 69.95 crore in the same period last fiscal, Ashok Leyland said in a regulatory filing.

Consolidated revenue from operations during the quarter under review stood at Rs 3,852.84 crore as against Rs 5,096.13 crore in the year-ago period, it added.

The stock was trading at Rs 83.70, down Rs 1.25, or 1.47 percent at 09:54 hours. It has touched an intraday high of Rs 85.00 and an intraday low of Rs 83.35.