Strong sales have contributed to Hinduja group flagship Ashok Leyland’s net profit in the third quarter of the current year multiplying six times over the comparable quarter in the previous year.
The commercial vehicles manufacturer has reported a net profit of ₹198.62 crore (₹32.09 crore) on a total income of ₹4,085.34 crore (₹3,360.99 crore) for the quarter ended December 31, 2015.
Total expenses were at ₹3,764 crore (₹3,220 crore) and finance costs ₹66.57 crore (₹98.21 crore).
Medium and Heavy Commercial Vehicle sales were up 27 per cent to 23,176 units (18,279 units) and Light Commercial Vehicles were up 12 per cent at 7,979 units (7,145 units).
Published on February 11, 2016
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