Ashok Leyland Q1 profit up by 233% to Rs 3.70 billion, beats estimate

Ashok Leyland has reported a 233 per cent growth in profit to Rs 3.70 billion during the quarter ended June 2018 as compared to Rs 1.11 billion, a year ago, beatingestimates.

Revenues rose by 47 per cent to Rs 62.50 billion as compared to Rs 42.58 billion. 

MHCV volumes including exports increased by 54% to 30647 numbers during the quarter, while LCV volumes increased by 33 per cent to 11481 numbers.

Vinod K. Dasari, Managing Director, Ashok Leyland Limited said that the Total Industry Volume registered 84 per cent growth primarily driven by surge in infrastructure spend