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Ashok Leyland shares fall after earnings disappoint

Source : REUTERS
Last Updated: Fri, Jan 25, 2013 04:30 hrs

MUMBAI (Reuters) - Shares in Ashok Leyland Ltd fell as much as 9.2 percent on Friday after disappointing investors with its October-December quarterly earnings, but pared losses later in the morning session.

The bus and truck maker said on Thursday its October-December quarter net profit rose a slower-than-expected 10.82 percent to 741.4 million rupees.

Ashok Leyland shares were down 1.6 percent as of 9:51 a.m.

(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)




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