Hinduja Group flagship firm Ashok Leyland today reported 13.24 per cent decline in its net profit for the quarter March 31 at Rs 258.74 crore.
The company had posted a net profit of Rs 298.23 crore in the same period last year,Ashok Leyland said in a filing to the BSE.
The total income from operations increased by 12.02 per cent to Rs 4,311.02 crore from Rs 3,848.45 crore in the year-ago period,it added.
The Board of Directors has recommended a dividend of Re 1 per share of the face value of Re 1 each.
For the entire 2011-12 fiscal,the company’s net profit dipped 10.35 per cent to Rs 565.98 crore from Rs 631.30 crore in the previous fiscal,Ashok Leyland said.
The total income from operations went up by 14.90 per cent to Rs 12,841.99 crore from Rs 11,177.11 crore,it added.
Durign the last fiscal,the company sold a total of 1,01,990 vehicles. It also reached a new high in international operations with sales of 12,852 units,a rise of 25 per cent.
Commenting on its performance,Ashok Leyland Managing Director Vinod K Dasari said,”FY 2011-12 for us saw quite a few triumphs… We gained market share in March and continued the good showing in April and hope to keep up this momentum.”
Talking about the outlook,he said the company will see increase in its vehicle sales as there are signs of robust demand in some segments.
The shares of the company today closed 2.80 per cent down at Rs 26.05 apiece on the BSE.
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