Ashok Leyland Back in Black

Published: 30th January 2015 06:01 AM  |   Last Updated: 30th January 2015 06:01 AM   |  A+A-

CHENNAI: Commercial vehicles major Ashok Leyland has registered a net profit of Rs 32.09 crore for the third quarter of this fiscal year as against the a net loss of Rs 167.21 crore for the same period of the previous fiscal.  Revenue for the company has also risen to Rs  3,290.62 crore as against Rs 1,903.28 crore for the same period of the previous fiscal.

According to its MD, Vinod K Dasari, a stable and optimistic business environment, improvement in profitability of fleet owners and the buying spree ahead of the excise duty hike have been the major contributors to revenue this quarter.

“We believe this growth momentum will continue and we should close this fiscal on a good note. We are reasonably confident that the domestic market is indeed coming back and that the worst may be be hind us,” Dasari said.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp