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Ashok Leyland reports revenue growth of 22%

India Blooms News Service | | Feb 12, 2016, at 02:52 am

#Ashok Leyland # revenue # growth

Chennai, Feb 11 (IBNS): Ashok Leyland, flagship of the Hinduja Group, reported revenue of Rs.4085.34 Crores, against Rs.3361.00 Crores same period last year.

EBITDA for Q3 is at Rs.429.72 crores, against Rs.240.21 Crores same period last year, while Profit Before Tax (PBT) is Rs.273.81 Crores, against Rs.59.39 Crores same period last year.

Net profit is at Rs.198.63 Crores against Rs.32.09 Crores, same period last year.

Speaking on the occasion, Vinod K. Dasari, Managing Director, Ashok Leyland Limited said, “With yet another successful quarter performance, Ashok Leyland is well on the path to sustained profitability. Committed to responsible growth in both topline and bottom line, we will continue to focus on the success of our customers in line with our corporate philosophy of Aapki Jeet. Hamari Jeet."

"Our new suite of future-ready ICV, MDV and bus products unveiled at the recent Auto Expo, are a welcome addition to our class-leading portfolio, and will provide further fillip to growth. Continued focus on R&D, new product development, network expansion, continued focus on costs, and expansion in to new international markets; along with positive domestic growth portents well for the future,” Dasari said.

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