Ashok Leyland fourth-quarter profit jumps 40 percent, beats estimates
(Reuters) - India's Ashok Leyland Ltd posted a 40 percent jump in fourth-quarter net profit on Friday, helped by stronger sales volume.
Net profit https://www.bseindia.com/xml-data/corpfiling/AttachLive/65eaf3a5-825b-4d9e-8d57-2ca17f700229.pdf 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 Thomson Reuters 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)
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(Reporting by Krishna V Kurup in Bengaluru; Editing by Subhranshu Sahu)
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