Hinduja group company, Ashok Leyland, has reported a 55.8 per cent growth in net profit to Rs 67 crore for the third quarter ended December 31, 2011, as compared with Rs 43 crore during the same period a year ago. Revenues rose 29.3 per cent to Rs 2,880 crore from Rs 2,227 crore.
Employee cost rose 12 per cent to Rs 272 crore from Rs 244 crore.
“Despite a substantial improvement in our quarterly sales and profits, the third quarter was a challenging one due to a few supply chain issues,” said Vinod K Dasari, managing director of Ashok Leyland. “These have since been resolved. The STU (State Transport Undertaking) demand was weaker in the third quarter but is expected to bounce back in the fourth quarter,” he added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app