Ashok Leyland shares fall after earnings disappoint

Last Updated: Fri, Jan 25, 2013 04:52 hrs
India's Ashok Leyland Ltd Light Specialist and Field Artillery Tractor vehicles are displayed in New Delhi

Shares in India's 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 3.1 percent as of 0355 GMT.

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