Ashok Leyland Q4 net up 33.93 pc to Rs 298.22 cr

NEW DELHI: Ashok Leyland today reported a 33.93 per cent increase in net profit to Rs 298.22 crore for the quarter ended March 31, 2011.

The company had reported a net profit of Rs 222.66 crore for the fourth quarter last fiscal, Ashok Leyland said in a filing to the Bombay Stock Exchange (BSE).

The company's net sales rose to Rs 3,828.53 crore in the quarter ended March 31, 2011, from Rs 2,939.04 crore in the same period last fiscal.

The company's board, which met today, has recommended a dividend of Rs 2 per share (200 per cent) of Re 1 face value for the full fiscal.

For the year ended March 31, 2011, the company has posted a net profit of Rs 631.29 crore, up 49 per cent from Rs 423.67 crore in the previous fiscal.

The company's net sales rose to Rs 11,117.70 crore during the year from Rs 7,244.71 crore in the previous fiscal.

Shares of Ashok Leyland were being quoted at Rs 49.50 apiece on the BSE in late afternoon trade today, up 6.11 per cent from their previous close.