Ashok Leyland Ltd., the flagship of Hinduja Group and India's second biggest bus and truck maker. announced financial results for the third-quarter ended December 31, 2007, reporting higher net profit on marginal increase in sales, backed by higher proportion of fully built vehicles as also larger volumes in engines and spares sales.
The Chennai-based company posted third-quarter net profit of Rs.120.22 crores, up 14% from Rs.105.26 crores in the third-quarter of 2006.
The company's net sales during the quarter increased marginally to Rs.1,800.08 crores from Rs.1,775.59 crores in the year-ago quarter. Other income during the quarter, helped by sale of shares in IndusInd Bank Ltd., was Rs.43.70 crores, compared to Rs.6.35 crores in the prior year quarter.
Nine Months Results
For the first nine months, the company's net profit increased 7% to Rs.288.74 crores from Rs.269.77 crores for the comparable period a year-ago. Total income rose 6% to Rs.5,229.51 crores from Rs.4,931.08 crores in the corresponding period last year.
BSE Code : 500477 NSE Code : ASHOKLEY Industry : Auto - LCVs/HCVs
Saturday, January 26, 2008
Ashok Leyland Q3 Net Up 14% In Sales
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