India's leading commercial vehicle manufacturer Ashok Leyland has announced its first quarter in the year 2010. Ashok Leyland is the flagship of Hinduja Group. Ashok Leyland has produced a remarkable performance in its net profit as well as net revenue.

It has posted a net profit of Rs 423.67 crore for the particular quarter. It was around Rs 189.99 crore for the same quarter in the previous year. That means the company has managed to register a mammoth 123% hike in its net profit figures.

So far as net sales are concerned, it has touched Rs 7244.71 crore this quarter with a rise of 21%. The board has also decided to recommend a dividend of 150% to its investors in this year. It has paid a 100% dividend for the year2008-09. In the year 2009-10, the Earning per Share has improved to Rs 3.18.

After the global economic downturn, there was a phenomenal increase in the CV market. The company's paid up capital has reached Rs 133 crore with Rs 2202.54 crore of reserve and surplus.