IndiaCatalog.com
India News
Search Web Directory
News Home
Ashok Leyland net profit up 40% to Rs 6 bn, total income rises to Rs 88 bn
Posted on 18th May 2018
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, while the volume for Light Commercial Vehicle (LCV) increased by 59 per cent to 14,309 vehicles during the quarter.

"FY 17-18 has been an extremely satisfactory year for us with achievements in many fronts," said Vinod K Dasari, managing director, Ashok Leyland.

Record domestic truck volumes, substantial growth in LCV, continued growth in market share, the success of our digital marketplace, and most importantly, the transformation, which i-EGR brought to the Indian market exemplifies the capabilities that Ashok Leyland is building on various fronts, he added.

"Exports has witnessed a healthy jump in the current year and, we will continue to focus on growing International Business as well as Defence and After Market Portfolios. Our network continues to grow and reach out to more of our customers," said Dasari.

Gopal Mahadevan, CFO, Ashok Leyland added, "We have posted record revenues with record profits and as at the end of the year, we ore cash positive with nearly Rs 30 billion surplus. Our focus on working capital and operational efficiency will continue. Our credit rating has been upgraded to XA+' after a span of 20 years."

Related Companies: Ashok Leyland Limited   

Other Latest News
BCCI elections on October 22, announces CoA
Posted on 21st May 2019
The Committee of Administrators (CoA) on Tuesday said that the much-awaited elections of the BCCI will be held on October 22.

The CoA, which was appointed by the Supreme Court in January 2017 to oversee the sweeping reforms recommended by the Lodha panel, announced the elections date here after due consultation with the apex court-appointed amicus curiae PS Narsimha.


Hyundai launches compact SUV ‘Venue’ in India at ₹6.50 lakh
Posted on 21st May 2019
South Korean auto major Hyundai on Tuesday forayed into high selling compact SUV segment in India with the launch of new model ‘Venue’, priced in the range of ₹6.5-11.1 lakh (ex-showroom Delhi).

Venue comes with three engine options — 1 litre turbo and 1.2 litre petrol powertrains besides 1.4 litre diesel engine — and sits below the Creta in terms of price and positioning.


Vodafone now giving over 547GB 4G data, free calls with new offer: How to avail
Posted on 21st May 2019
Vodafone has announced a new prepaid recharge pack in partnership with Citibank. Applicable for only Vodafone users in India, the recharge pack will be available on applying for a fresh Citibank credit card via the Vodafone website. Under the recharge pack, the users get 1.5GB data per day and unlimited calls for a validity of one year.

Amazon to soon have its own presence on Internet with ‘.amazon’ domain
Posted on 21st May 2019
E-commerce giant Amazon was on its way to running its own online neighbourhood Monday after the internet’s address keeper granted the “.amazon” domain to the company. After waiting in vain for years for the US online retail colossus and an alliance of South American countries to resolve their battle over the right to web addresses ending with “.amazon,” the Internet Corporation for Assigned Names and Numbers (ICANN) this month sided with the Seattle-based company.

Tata Motors reports first quarterly profit for FY19 at Rs 1,109 crore
Posted on 21st May 2019
Reporting its first profit for financial year 2018-2019, Tata Motors on Monday recorded a consolidated net profit of Rs 1,108.86 crore for the three months of January-March 2019.

However, the ongoing stress in the China market for the company’s cash cow, Jaguar Land Rover (JLR), meant it came in almost half of what it was in the quarter ended March 31, 2018. The net profit was, however, much above the Bloomberg consensus estimates of Rs 570 crore.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Ashok Leyland net profit up 40% to Rs 6 bn, total income rises to Rs 88 bn
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Ashok Leyland net profit up 40% to Rs 6 bn, total income rises to Rs 88 bn

Most Read News

Slow income growth impending deposit growth: RBI study

Vodafone Idea to do away with all low Arpu subscribers by May end

Infosys to allocate up to 50 mn shares to incentivise staff

Sensex, Nifty start on a positive note amid firm global cues

ICICI-Videocon loan case: Chanda Kochhar, husband appear before ED again

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019 IndiaCatalog.com
    All Rights Reserved
Privacy Statement