Ashok Leyland Q3 net sales up 29% to Rs 2,880 cr

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Ashok Leyland Q3 net sales up 29% to Rs 2,880 cr

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.

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By Sonia Shenoy, Research Analyst at CNBC-TV18

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.