Commercial vehicle manufacturer Ashok Leyland on Friday beat analysts’ estimates by posting a 40% year-on-year growth in its standalone net profit at Rs 667.4 crore in the January-March quarter. Net sales were, however, below Bloomberg estimates and grew 32% to Rs 8,772.5 crore. The company’s ebitda registered a growth of 42% to Rs 1,033 crore, also below estimates.

Commercial vehicle major Ashok Leyland has posted a growth of 40 per cent in net profit at Rs 6.67 billion during the quarter ended March 31, 2018, beating the analyst estimates of around 38 per cent growth.

The net profit for the same period last year was Rs 4.76 billion, on a standalone basis. The total income grew by 23.79 per cent during the quarter, to Rs 88.30 billion as compared to Rs 71.33 billion a year ago.

Commercial Vehicle major Ashok Leyland is expecting a 20 per cent growth in its bus business, as the segment is picking up growth from a slow pace last year.

In the previous year, the industry and the company had seen a decline of around 23 per cent owing to various reasons including confusion among customers regarding the delayed Bus Body Code. However, the company managed to increase its market share by 0.3 per cent.

Mumbai: The Hinduja Group flagship, Chennai-based Ashok Leyland, plans to redesign its light commercial vehicles (LCVs) to serve the fast-growing Indian e-commerce industry’s last-mile delivery needs, according to a senior company executive.

LCVs are defined by industry body Society of Indian Automobile Manufacturers (Siam) as vehicles having a maximum mass under 7.5 tonnes.

Hinduja Group flagship Ashok Leyland, the largest suppliers of mobility solutions to the Indian Army, has won another critical order from the ministry of defence (MoD). The contract is for supplying Ashok Leyland’s High Mobility 10×10 vehicles (HMV 10×10,) which have been fully developed in India. This order will end a long search by the Indian Army, which has been looking for HMV 10x10s to carry the Smerch rockets. This initial order is worth over Rs 100 crore, the company said in a release in Chennai on Friday.

Ashok Leyland was trading 3.3% higher at Rs 150 on the BSE after the company said it has won an order from the Ministry of Defence (MOD) for 10x10 vehicles to carry the Smerch Rockets.

“This order will end a long search by the Indian Army, who has been looking for HMV 10x10s to carry the Smerch Rockets, this initial order is worth over Rs 1,000 million,” Ashok Leyland said in a press release.

Chennai, Apr 11 Hinduja Group flagship Ashok Leyland was "gung ho" about its defence business and would focus only on mobility of defence products, a top official said today.

The city-based heavy commercial vehicle maker has showcased six advanced products and technology solutions at the DefExpo organised by Ministry of Defence at Thiruvadanthai about 40kms from here.

NEW DELHI: Hinduja Group’s flagship truck maker Ashok LeylandNSE -1.33 % expects demand in the segment staying strong and growing by 10-12% in the current financial year boosted by public investments in infrastructural projects and companies that will benefit from the hub-and-spoke model to transport goods post GST.

To cash in on the spike in demand, India’s second largest manufacturer of medium and heavy commercial vehicles (MHCVs) has now outlined aggressive plans to increase market share in light commercial vehicles (LCV).

Hinduja group flagship Ashok Leyland has rolled out the 2,00,000th unit of light commercial vehicle "Dost" from its manufacturing facility, a top official said.

The 2,00,000th unit was the company's highly popular "Dost" range of model, which was rolled out from the assembly line at its manufacturing unit in Hosur about 300kms from here.

Hinduja Group flagship company Ashok Leyland today reported a 20 per cent increase in total sales at 22,453 units for March 2018, as against 18,701 units in the same month last year.

Sales for its medium and heavy commercial vehicles increased by 12 per cent at 17,057 units in March as against 15,277 units in the year-ago period, the company said in a filing to the BSE.

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