Ashok Leyland net up five fold to Rs 198 cr
Net sales during the period under review stood at Rs 4,029.45 crore as against Rs 3,290.62 crore in the year-ago period, up 22.45 per cent.
By Sharmistha Mukherjee, ET Bureau | Updated:
NEW DEHLI: Hinduja Group’s flagship firm Ashok Leyland today announced a five-fold increase in net profit at Rs 198.63 crore for the third quarter ended December 31, 2015.
The company had recorded net profit of Rs 32.09 crore in the corresponding period of the last financial year.
Revenues for the company increased by 21.6 per cent to Rs 4085.34 crore in the period under review.
Vinod K. Dasari, managing director, Ashok Leyland Limited said,“With yet another successful quarter performance, Ashok Leyland is well on the path to sustained profitability. Our new suite of future-ready ICV, MDV and bus products unveiled at the recent Auto Expo, are a welcome addition to our class-leading portfolio, and will provide further fillip to growth.”
“Continued focus on R&D, new product development, network expansion, continued focus on costs, and expansion in to new international markets; along with positive domestic growth portents well for the future”, he added. development, network expansion, continued focus on costs and expansion in to new international markets along with positive domestic growth augurs well for the future, he added.
Shares of Ashok Leyland ended the day at Rs 81.10 apiece, down 7.16 per cent from the previous close on BSE.
The company had recorded net profit of Rs 32.09 crore in the corresponding period of the last financial year.
Revenues for the company increased by 21.6 per cent to Rs 4085.34 crore in the period under review.
Vinod K. Dasari, managing director, Ashok Leyland Limited said,“With yet another successful quarter performance, Ashok Leyland is well on the path to sustained profitability. Our new suite of future-ready ICV, MDV and bus products unveiled at the recent Auto Expo, are a welcome addition to our class-leading portfolio, and will provide further fillip to growth.”
“Continued focus on R&D, new product development, network expansion, continued focus on costs, and expansion in to new international markets; along with positive domestic growth portents well for the future”, he added. development, network expansion, continued focus on costs and expansion in to new international markets along with positive domestic growth augurs well for the future, he added.
Shares of Ashok Leyland ended the day at Rs 81.10 apiece, down 7.16 per cent from the previous close on BSE.
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