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.

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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