India Ashok Leyland seen posting Q1 profit vs loss

Newswire

By Suresh Seshadri MADRAS, India, July 25 (Reuters) - Indian automaker Ashok Leyland Ltd will post a profit for the first quarter against a loss in the period a year ago, boosted by stronger sales especially to the high-margin defence sector, analysts said on Thursday. The Indian flagship of the U.K.-based billionaire Hinduja brothers, the company is the country's second-largest maker of trucks and buses. It reports the April-June results on Friday. Five analysts surveyed by Reuters ...

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