Commercial vehicle major Ashok Leyland has reported 84.6 per cent dip in the net profit during the quarter ended June 30, 2009 to Rs 7.77 crore compared with Rs 50.56 crore in the same quarter last year. Net sales dropped to Rs 912.45 crore from Rs 1,887.98 crore last year.
Total expenditure dropped to Rs 943.78 crore from Rs 1,810.18 crore, a year ago. Employee cost for the company dropped to Rs 144.0 crore during the quarter from Rs 162.61 crore last year. Consumption of raw materials also dropped to Rs 574.33 crore from Rs 1,651.83 crore in the same quarter last year.