UPDATE 2-Ashok Leyland Q1 profit beats forecast

Newswire

(Updates adding company chief quotes, more details) By Suresh Seshadri MADRAS, India, July 26 (Reuters) - India's second-largest truck maker, Ashok Leyland Ltd, posted a better-than-expected first-quarter net profit on Friday, versus a loss a year earlier, helped by higher sales and a tight control on costs. The Madras-based company, which also makes buses, is the Indian flagship of the U.K.-based billionaire Hinduja brothers. Its April-June net profit, after an extraordinary charge ...

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