Ashok Leyland Q4 net up 33.9%, declares 200% dividend

Ashok Leyland on Thursday reported a 33.93 per cent increase in net profit to Rs 298.22 crore for the quarter ended March 31, 2011.

The company had reported a net profit of Rs 222.66 crore for the fourth quarter last financial year, Ashok Leyland said in a filing to the Bombay Stock Exchange (BSE).

The company's net sales rose to Rs 3,828.53 crore in the quarter ended March 31, from Rs 2,939.04 crore in the same period last year. The company's board, which met on Thursday, has recommended a dividend of Rs 2 per share (200 per cent) of Re 1 face value for the full financial year.

For the year ended March 31, the company has posted a net profit of Rs 631.29 crore, up 49 per cent from Rs 423.67 crore in the previous year.

The company's net sales rose to Rs 11,117.70 crore during the year from Rs 7,244.71 crore in the previous year.