Chennai-based Ashok Leyland Ltd has reported a Net Profit of Rs.631.30 crore for the financial year ending 31st March 2011. It is a 49% increase over the net profit of the previous financial year.
The Company has announced a dividend of Rs.2 per share (the face value of each shae being Rs.1) compared to the dividend of Rs.1.50 per share last year.
Ashok Leyland has gained market share in all its business segments.The company launched as many as 746 new products during the last year. Ashok Leyland's domestic sales rose by 45% ovr last year's volumes; it sold 83,800 vehicles during the financial year under review. The company's exports rose by a massive 72% over last year's exports - culminating in export of 10,306 units.
According to Mr.Vinod K.Dasari, Managing Director, Ashok Leyland, the current year is going to be one of growth and consoldiation as the Company pursues its aim to be, gloablly, in the top ten truck manufacturers globally and top five bus manufacturers.
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