Shares of Ashok Leyland declined as much as 8% on Monday after the company reported lower-than-expected numbers for Q4FY18. The company's standalone net profit in the fourth quarter of financial year 2017-2018 declined 18% yoy to Rs661cr. Ashok Leyland's standalone revenue was up 32% yoy at Rs8,772cr in the period. Revenue growth was led by 23% yoy volume growth and 7% yoy realization growth. However, revenue fell marginally short of consensus estimate of Rs8,772cr.
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