Ashok Leyland wins order for 2,100 buses

Leading heavy vehicle manufacturer Ashok Leyland has bagged a 2,100 bus order in Tamil Nadu.

The order was placed by the Institute of Road Transport (IRT), Tamil Nadu. The order is worth Rs. 321 crore and is due to be supplied by the first half of 2018-19. The order consists of 2,000 Passenger Chassis and 100 fully fitted small size buses to be delivered to the various state transport enterprises operating in Tamil Nadu. 

In terms of sales, the company registered QoQ growth of 63 per cent in Light Commercial Vehicle (LCV) segment, whereas a 21 per cent growth in Medium & Heavy Commercial Vehicle (M&HCV) segment for the month of February 2018. The company sold 13,726 units of M&HCV in February 2018 as against 11,329 units in February 2017, while it sold 18,181 units of LCV in February 2018 as against 14,067 units in February 2017.

For the quarter ended December 2017, Ashok Leyland reported total income of Rs. 6,87,706.40 as against Rs. 5,88,591.90 in Q2FY18. Net Profit for the company in Q3FY18 was at Rs. 44,970.98 as against Rs. 33,425.97 in Q2FY18.

Meanwhile, at 12:00 hours, the stock of Ashok Leyland was trading at Rs. 147.95 per share, up by 1.44 per cent on Wednesday.