Ashok Leyland Q4 net profit down 9.7% at Rs 269 cr

Ashok Leyland , commercial vehicle maker has reported a less than expected net profit at Rs 269 crore for the fourth quarter of FY12, down 9.7% as compared to Rs 298 crore in a year ago period.

Net sales increased 11% to Rs 4,236 crore from Rs 3,813 crore year-on-year.

Analysts on average had expected net profit at Rs 280 crore and net sales at Rs 4,160 crore for the quarter.

The company decided to pay a dividend of Re 1 a share.

Source: www.moneycontrol.com

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