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Ashok Leyland Posts Profit of Rs 120.68 Crore in Q2

New Delhi: Hinduja Group flagship company Ashok Leyland on Thursday reported a standalone net profit of Rs 120.68 crore for the second quarter ended September 2014.

The company had registered a net loss of Rs 25.05 crore for the corresponding quarter a year ago.

Net sales rose 26.20 per cent to Rs 3,217.67 crore for the second quarter of the current fiscal year (2014-15), as against Rs 2,549.62 crore in the year-ago period, Ashok Leyland Ltd said in a filing to the BSE.

For the first half of 2014-15, Ashok Leyland posted a standalone net profit of Rs 72.73 crore as against a loss of Rs 166.80 crore in the same period last year.

Net sales of the company increased 15.91 per cent to Rs 5,695.48 crore compared to Rs 4,913.43 crore a year ago.