Ashok Leyland net profit up 40% to Rs 6 bn, total income rises to Rs 88 bn

Commercial vehicle major Ashok Leyland has posted a growth of 40 per cent in net profit at Rs 6.67 billion during the quarter ended March 31, 2018, beating the analyst estimates of around 38 per cent growth.

The net profit for the same period last year was Rs 4.76 billion, on a standalone basis. The total income grew by 23.79 per cent during the quarter, to Rs 88.30 billion as compared to Rs 71.33 billion a year ago.

The total Medium and Heavy Commercial Vehicle (M&HCV) volume including exports increased by 15 per cent to 44,425 units during the quarter,