Ashok Leyland has posted net profit of Rs 95.1 m in 3QFY2000.
Ashok Leyland Limited (ALL) is the second largest manufacturer of medium/heavy commercial vehicles (M/HCVs) with nearly 35% market share in December 1999.
Profit after Tax/(Loss)
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ALL has been a direct beneficiary of the economic recovery, which has resulted in an upturn in M/HCV demand. The company has registered a 49% appreciation in CV sales volumes in 3QFY2000 over the corresponding period last year. This had a direct bearing on the company's topline, which zoomed 50% to Rs 6.5 bn.
The company's finance cost increased from Rs 234.6 m last year to Rs 251.5 m in 3QFY2000. Depreciation also rose 10% to Rs 212.2 m.
The company is confident of riding the growth in 4QFY2000. It is anticipating more orders from state transport undertakings in the next quarter. It is also very bullish about the prospects of the Exuba, its new luxury vehicle.
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