Mumbai: Hinduja group flagship company Ashok Leyland on Thursday announced a net profit of Rs 180.57 crore for the quarter ended March 31, a 5.28 per cent growth over the corresponding period a year ago.

The company had a net profit of Rs 171.52 crore in the fourth quarter of the financial year ended March 31,2007, Ashok Leyland said in a filing to the Bombay Stock Exchange.

The total income rose to Rs 2,573.61 crore for the latest quarter, from Rs 2,307.9 crore in the year-ago period.

The board of directors has declared a dividend of 150 per cent at the rate of Rs 1.50, on every share of face value of Re one held, for the year ended 2007-08.

For the year-ended March 31, Ashok Leyland announced a net profit of Rs 469.31 crore, a 6.35 per cent growth over the year ago period. The company had a net profit of Rs 441.29 crore in the financial year ended March 31, 2007.

The total income rose to Rs 7,803.12 crore for the year ended March 31, from Rs 7,238.98 crore last year.

The board has approved the appointment of Vinod K Dasari as an Additional Director on the company's board.

Further, R Seshasayee would be re-appointed as Managing Director for three years, effective from April 1,2008, the filing said.
Source : PTI