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
Rs 3,600 crore debt ridden Hotel Leelaventure defaults on quarterly interest payment to LIC
Posted on 22nd June 2018
Cash-strapped hospitality chain Hotel Leelaventure has defaulted in payment of quarterly interest of Rs 2.12 crore to Life Insurance Corporation of India (LIC). Hotel Leelaventure, which currently has a debt of over Rs 3,600 crore, had issued secured redeemable non-convertible debentures on private placement basis aggregating to Rs 90 crores to LIC in December, 2008.

Amazon’s Cloud arm preparing India to lead next tech revolution
Posted on 22nd June 2018
Known for dispatching the best software talent across the world for years, India has now embarked upon a Cloud-driven journey to prepare the Next-Gen of skilled workers — data scientists, Artificial Intelligence (AI) Mavericks and mobile developers. The task is humongous and online retail giant Amazon’s Cloud business arm Amazon Web Services (AWS) has now fast-tracked skilling the young — providing them early access to its core Cloud platform that has already transformed millions of enterprises and start-ups globally.

Markets stay under pressure, Sensex below 35,400-mark
Posted on 22nd June 2018
NEW DELHI: The benchmark BSE Sensex got off to a lower start today, tracking a sell-off in global markets amid escalating trade war worries.

The 30-share index, which had lost 114.94 points in the previous session, was down 53 points at 35,379.65 at 10.07 am. Capital goods, realty, infrastructure, power, healthcare and metal stocks showed weakness, falling by up to 0.35 per cent.


COAI favours 5G auctions only around second half of 2019
Posted on 22nd June 2018
New Delhi, Jun 22 () Telecom industry body COAI has said auction of spectrum for 5G services should happen only around the second half of 2019 as it would offer telcos better visibility into market dynamics and potential revenue streams of the next-generation mobile services.

Vodafone-Idea merger to be approved soon
Posted on 22nd June 2018
The Department of Telecommunications (DoT) is expected to clear the merger of Vodafone India and Idea Cellular early next week. Both the companies, however, may have to pay one-time-spectrum-charges (OTSC) dues, though these are under challenge in the court. The DoT is expected to ask Vodafone for Rs 5,650 crore – or a bank guarantee – and Idea for Rs 2,113 crore for its OTSC dues.

» 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

Essar Steel lenders may not allow Numetal to change structure in second bid

Alok Industries Case: SBI may not demand revote on resolution plan

TCS, Infosys push BSE IT index to new high; IT index rallies 24% in CY18

Essar Steel dues to pipeline firm continue to pile up

Microsoft acquires AI startup to fuel AI capabilities

More India News

Photo Gallery

Amala Paul(12 Images) Amala Paul
Katamarayudu(10 Images) Katamarayudu
  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 - 2018 IndiaCatalog.com
    All Rights Reserved
Privacy Statement