The Indian biggest commercial
vehicle leader, Ashok Leyland has announced its Q1 sales reports and reported
that its net profit increased to Rs. 290.78 crore in the period of April to
June. It represented a growth of 101 percent compared to the year ago quarter net
profit, Rs. 144.5 crore. The revenue in the first quarter of FY 2017 stood at
Rs 4258.8 crore and increased by 10 percent against the revenue in the Q1 of FY
16, 3883.13 crores.
The M&HCV (medium and
commercial vehicle) segment, including trucks, buses, 6-tonne vehicles, and tippers,
has achieved total sales of 22,061 units in the first quarter ended on June 30,
2016. It was the record braking achievement from Ashok Leyland. Just a few days
back, the company received orders of around 3600 buses from the various STUs
and the deliveries to be commenced during the year.
Similarly, the light commercialvehicle segment reported 7 percent growth in the first quarter against previous
year results. Domestic sales were good in the first quarter, but the export
market is down so that Ashok Leyland reported 18.5 percent domestic volume
growth than the 14.5 percent industry growth, according to the company’s
managing director, Vinod K Dasari. The company will continue the operational
efficiency, network development, launch of new products and talent development
to achieve the best results. We at the company expected the positive export
market will be back in the second quarter, according to him.
Source: Automotive
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