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Ashok Leyland’s H1 profit at Rs. 169 crore

CHENNAI: Helped by higher bus sales despite the slowdown in the domestic commercial vehicle market, Ashok Leyland has reported a profit after tax of Rs. 168.52 crore for the first half of the current fiscal ended September 30, 2007, against Rs. 164.51 crore in the first half of the previous fiscal. The half-yearly sales volume was 37,033 numbers compared with 36,903 units despite a 5 per cent fall in the country’s medium and heavy commercial vehicle segment. The turnover stood at Rs. 3,376.04 crore against Rs. 3,099.60 crore. — Corporate Reporter

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