Ashok Leyland first-quarter profit falls about 62 percent

Ashok Leyland Ltd http://bit.ly/2ugS2sT

Analysts on average had expected a profit of 1.69 billion rupees, according to Thomson Reuters data.

The flagship company of the conglomerate Hinduja Group said it recorded a foreign exchange loss on swap contracts of 26.7 million rupees, compared with a gain of 496.7 million rupees a year earlier.($1 = 64.3275 Indian rupees)

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