Ashok Leyland's Q2 pre-tax profit down 97% as sales volumes take a beating

Total income declined 48% to Rs 3,975 cr; company cites 53% drop in industry volumes

Commercial Vehicle major Ashok Leyland has posted a decline of 97 per cent in standalone profit before tax at Rs 19.11 crore during the quarter ended September, 2019, as compared to Rs 670.8 crore during same quarter last year.

Total income declined 48 per cent to Rs 3,975 crore during the quarter from Rs 7,648.65 crore during same quarter last year. The company said that the profit before tax (before exceptional item) for the quarter was at Rs 84 crore (Rs 688 crore during the same quarter last year). Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter