Hinduja Group flagship company Ashok Leyland today reported a standalone net profit of Rs 120.68 crore for the second quarter ended September 30, 2014.
The company had posted a net loss of Rs 25.05 crore during the July-September period of the previous fiscal.
Net sales of the company rose 26.20 per cent to Rs 3,217.67 crore for the second quarter, as against Rs 2,549.62 crore during the same period of previous fiscal, Ashok Leyland Ltd said in a BSE filing.
For the first half of 2014-15, Ashok Leyland posted a standalone net profit of Rs 72.73 crore compared to loss of Rs 166.80 crore in the same period last year.
Net sales of the company increased 15.91 per cent to Rs 5,695.48 crore compared to Rs 4,913.43 crore in the same period of previous fiscal.