Ashok Leyland Q1 FY07 net up by 8 pc

New Delhi, July 30: Ashok Leyland today posted an increrase of 7.5 per cent in its net profit at Rs 69.18 crore for the first quarter ended June 30, 2006, as against Rs 64.35 crore in the corresponding period last year.

The company's total income also rose by 34.79 per cent at Rs 1437.75 crore for the Q1FY07 in comparison to Rs 1,066.59 crore in Q1FY06.

In addition, company registered a 33.2 per cent growth in sales to Rs 1,641.37 crore.

''Rising material prices and volume growth along with changing vehicle mix in favour of higher value multi-axle vehicles and tractor-trailers, has helped us contain this pressure,'' company's Managing Director R Seshasayee said.

Going forward, we expect the growth in vehicle demand to continue and we should also benefit from the effect of the pricing action we took in the first quarter of this fiscal, he added.

UNI