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Ashok Leyland reports 11% rise in Q3 net profit

25 Jan 2013 Evaluate

Ashok Leyland has reported results for third quarter ended December 31, 2012.

The company has reported 10.82% rise in its net profit at Rs 74.14 crore for the quarter as compared to Rs 66.90 crore for the same quarter in the previous year. However, total income of the company has decreased 17.76% at Rs 2394.61 crore for quarter under review as compared to Rs 2912.03 crore for the quarter ended December 31, 2011.

The company registered a 19% decline in December 2012 sales at 7,299 units as compared to 9,048 units, a year ago. However, it reported 88% growth in company’s light commercial vehicle sales, while commercial vehicle sales dropped by 34%.

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