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Ashok Leyland skids on weak sales in June 2013

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Capital Market
Last Updated : Jul 02 2013 | 10:00 AM IST

The company announced the sales numbers after market hours on Monday, 1 July 2013.

Meanwhile, the S&P BSE Sensex was down 42.99 points or 0.22% at 19,534.40.

On BSE, 51,000 shares were traded in the counter as against average daily volume of 4.03 lakh shares in the past two weeks.

The stock hit a high of Rs 20.60 and a low of Rs 20.15 so far during the day.

Ashok Leyland's sales of commercial vehicles excluding small commercial vehicle (SCV) Dost declined 36.5% to 4,714 units in June 2013 over June 2012. Sales of SCV Dost fell 17.3% to 2,253 units in June 2013 over June 2012.

Ashok Leyland's net profit fell 42% to Rs 150.03 crore on 14.2% decline in net sales to Rs 3648.41 crore in Q4 March 2013 over Q4 March 2012.

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Ashok Leyland, the flagship of the Hinduja Group, is the second largest maker of commercial vehicles in India after Tata Motors.

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First Published: Jul 02 2013 | 9:19 AM IST

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