Ashok Leyland Q3 net up 455%
2010 February 1
HINDUJA GROUP flagship company Ashok Leyland on Sunday reported 455 per cent
jump in net profit for the quarter ended December at Rs 105 crore on the back of robust sales growth. The automobile manufacturer had registered a net profit of Rs 19 crore in the same quarter a year ago. Sales revenue was up 81 per cent at Rs 1,815.53 crore against Rs 1,004.49 crore in the corresponding period the previous fiscal.
During the quarter under review, the volume of sales saw a whopping increase of 101 per cent and stood at 16,129 units, as against the 8,011units it had sold in the year-ago period, the company said in a statement.Ashok Leyland Q3 net up 455%