During the quarter  which ended on Sep 10, Ashok Leyland - the Hinduja Group's flagship firm in the country and a major commercial vehicle player meet up the market anticipation along with striking net profit growth of 89% by Rs.
167.06 crore.

The outcome growth was constrained by high elevated sales volume and vigorous operating performance although bounded by elevated tax provision.

The operating income raised by enormous 72% to Rs. 2713.95 crore on high sales volume and low down base. Rise in OPM by 80 bps increased the operating profit by 85% to Rs. 306.26 crore. Insignificant increase in depreciation cost and nil EO expense (against VRS in Sep 09 quarter) additionally increased PBT after EO by gigantic 101% to Rs. 207.53 crore.

As per as  Mr R Seshasayee, Managing Director, all along with the financial system enduring to be tough, industrial productivity continued to be stable and freight producing sectors indicating high growth, all the things pointed towards the market remaining confident of moving ahead.

He further stated that although the current quarter shall be a little slower owing to the alteration in emission norms and they observe the market growth in the previous quarter on the back of a first-class agricultural output and sustained enthusiasm in the economy.