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While medium & heavy commercial vehicles (M&HCV) sales increased 20% YoY to 16,773 units, total light commercial vehicles (LCV) sales rose by 17% YoY to 7,153 last month.
The company's domestic sales of commercial vehicles during the period under review aggregated to 22,885 units, higher by 23% compared with the same period last year.
Ashok Leyland is engaged in manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings and castings.
The company reported net profit of Rs 361.34 crore in Q3 FY23 compared with net loss of Rs 5.76 crore in Q3 FY22. Net sales jumped 63.3% to Rs 8,984.95 crore in Q3 FY23 as against Rs 5,503.64 crore in Q3 FY22.
The scrip rose 1.94% to settle at Rs 139.15 on the Friday, 31 March 2023.
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