Ashok Leyland Q3 net up 54% at Rs 67 crPublished on Wed, Feb 01, 2012 at 18:34 | Source : CNBC-TV18 Updated at Mon, Feb 06, 2012 at 13:36
Ashok Leyland , the second largest commercial vehicle manufacturer, has reported a less than expected growth of 54.4% year-on-year in net profit of Rs 67 crore for October-December quarter of FY12. Net sales rose 29% to Rs 2,880 crore in the third quarter of FY12 versus Rs 2,227 crore in the corresponding quarter of last fiscal. CNBC-TV18 had expected a profit after tax of Rs 121 crore and revenues of Rs 2,918 crore.
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