Ashok Leyland rallies almost 5% on rise in monthly sales for June

Cornelia Mascio
Luglio 3, 2017

Commercial vehicles maker Ashok Leyland on Monday said it closed June with 11 per cent growth in sales volume. Sales rose to 12,330 units in June compared with 11,108 units in the corresponding month previous year.

Sales of medium and heavy commercial vehicles (M&HCV) saw a total units sales of 9,202 units last month, up 6 percent on a YoY basis as compared to 8,685 units in June 2016. In contrast, April and May were poor months for the company.

Light commercial vehicle sales grew by 29 per cent to 3,128 units as compared to 2,423 units in June a year ago, it added. The 6% increase in the medium and heavy segments in June has helped the company to cushion the decline in the first quarter of the year to 17% on year. The stock on BSE soared to 99.30, almost 5.65% from its previous closing of Rs. 93.85, and few points short of its 52 week high of Rs. 100.55, achieved on July 1 2016.

Ashok Leyland reported net profit of Rs 476.17 crore in Q4 March 2017 as compared with net loss of Rs 140.81 crore in Q4 March 2016.

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