Ashok Leyland Q2 profit at Rs 287 crore

Pick-up in CV market combined with its cost control and other measures helped the company report good numbers

Ashok Leyland Ltd has reported a net profit of Rs 287 crore for the quarter ended September 30, 2015, an increase of 137%, as compared to Rs 121 crore for the quarter ended September 30, 2014.

Total revenue rose by 53.5% to Rs 4,940 crore crore for the quarter ended September 30, 2015 from Rs 3,218 crore for the quarter ended September 30, 2014.

Vinod K Dasari, managing director, Ashok Leyland, said the market for commercial vehicles is back after a long period of downturn.

The company's product design, network growth and service capbality have further helped the company.

"...this relentless focus on customer profitablity is the primary reason behind the good results. A continued focus on cost control and reigning-in of discounts also helped," said Dasari.

 

During the second quarter sales volume in Medium and Heavy Commercial Vehicles stood at 29884 units as against 18207 units. LCV sales stood at 7,497 units as compared to 7,172 units.