Mumbai: Hinduja group flagship company Ashok Leyland on 8 May announced a net profit of Rs 180.57 crore for the quarter ended 31 March, up 5.28% over the corresponding period a year ago.
The company had a net profit of Rs171.52 crore in the fourth quarter of the financial year ended 31 March, 2007, Ashok Leyland informed the Bombay Stock Exchange.
The total income rose to Rs2,573.61 crore for the latest quarter, from Rs2,307.9 crore in the year-ago period.
The board of directors has declared a dividend of 150% at the rate of Rs1.50, on every share of face value of Re1 held, for the year ended 2007-08.
For the year-ended March 31, Ashok Leyland announced a net profit of Rs469.31 crore, a 6.35% growth over the year ago period. The company had a net profit of Rs441.29 crore in the financial year ended 31 March 2007.
The total income rose to Rs7,803.12 crore for the year ended 31 March, from Rs7,238.98 crore last year.
The board has approved the appointment of Vinod K Dasari as an additional director on the company’s board. Further, R Seshasayee would be re-appointed managing director for three years, effective 1 April, 2008, the filing said.
Shares of Ashok Leyland were trading at Rs40.25, down 3.71% in the afternoon trade on the BSE.