July 21, 2017 / 7:26 AM / 2 months ago

BRIEF-Ashok Leyland June-qtr profit down 62 pct

July 21 (Reuters) - Ashok Leyland Ltd:

* June quarter profit 1.11 billion rupees versus profit of 2.91 billion rupees

* Consensus forecast for June quarter profit was 1.69 billion rupees

* June quarter total income 45.53 billion rupees versus 45.70 billion rupees

* Says June-quarter exceptional item 125.7 million rupees

* Says in quarter profitability lower primarily due to richer mix and exchange gain on swap contracts in q1 last year

* Next 3 quarters look promising as demand is expected to pick up on the back of government spending on infra and positive gst impact

Source text - bit.ly/2gPjNDZ

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