According to the company, its net profit during the quarter under review increased to Rs 334.26 crore from Rs 294.41 crore during the like period of the last fiscal.
The flagship company of the Hinduja Group also reported a rise of 31 per cent in its Q2 revenues (excluding excise duty) to Rs 6,046.89 crore from Rs 4,622.41 crore earned during the same period of 2016-17.
The company's export volumes grew by 39 per cent to 4,437 units.
Commenting on the Q2 results, Gopal Mahadevan, CFO, Ashok Leyland said: "Our financial performance continues to be robust... our working capital continues to be in control and debt/equity for the quarter was at 0.35:1. We will continue to pursue profitable growth."
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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