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Corporate Results - HCV/LCV/Tractors

Ashok Leyland Q1 net zooms 116 pc

Our Bureau

Chennai , July 29

ASHOK Leyland's net profit jumped 116 per cent and sales increased by 39 per cent in the first quarter of 2004-05 over the same period last year.

It reported a net profit of Rs 31.93 crore on net sales of Rs 821.19 crore against a net profit of Rs 14.80 crore on sales of Rs 589.63 crore in the first quarter of last year.

This has been made possible by a 33 per cent increase in vehicles sold: a total of 11,101 vehicles (both domestic and exports) in April-June 2004 against 8,347 in the same period last year.

The company also reduced its financial expenses by 65.2 per cent, down to Rs 2.97 crore from Rs 8.55 crore previously. However, consumption of raw materials went up from Rs 405.52 crore in April-June 2003 to Rs 610.65 crore for the quarter under review.

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MCF total income higher 102 pc
Nestle net drops 36 pc
IVRCL net jumps 65 pc
HPCL net surges 57 pc in first quarter
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Subex Q1 net up 26 pc
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