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Ashok Leyland fourth-quarter profit jumps 40 percent, beats estimates


(Reuters) - India's Ltd posted a 40 percent jump in fourth-quarter net profit on Friday, helped by stronger sales volume.

Net profit https://was 6.67 billion rupees ($98.03 million) for the quarter ended March 31, compared with 4.76 billion rupees a year earlier.

Analysts on average expected a quarterly profit of 6.42 billion rupees, according to data.

The total volume of medium and heavy commercial vehicles sold, including exports, rose 15 percent, while light commercial vehicles posted a 59 percent volume growth.

($1 = 68.0375 Indian rupees)

(Reporting by Krishna V Kurup in Bengaluru; Editing by Subhranshu Sahu)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 18 2018. 15:55 IST