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Ashok Leyland reports 54% surge in Q3 net profit

02 Feb 2012 Evaluate

Ashok Leyland has reported results for third quarter ended December 31, 2011.

The company has posted a rise of 54.25% in its net profit of Rs 66.90 crore for the quarter ended December 31, 2011 as compared to Rs 43.37 crore for the same quarter in the previous year. Total income has increased by 29.31% from Rs 2229.57 crore for Q3FY11 to Rs 2883.03 crore in the quarter under review.

Ashok Leyland is the flagship of the Hinduja Group and a leading manufacturer of commercial vehicles in India.

Peers
Company Name CMP
Tata Motors 425.15
Ashok Leyland 157.05
Force Motors 17250.00
Olectra Greentech 1180.70
SML Mahindra 6261.55
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