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Ashok Leyland Q2 down 8% at Rs 154 cr
Ashok Leyland has announced its second quarter results. The company's Q2 net profit was down at Rs 154.1 crore versus Rs 167.1 crore, year-on-year, YoY.
Hinduja Group flagship Ashok Leyland has registered a 14% increase in turnover at Rs. 3,094.6 crores during the second quarter of the current fiscal against Rs. 2714.0 crores for the corresponding quarter of 2010-11.
The company's Q2 net profit was down 7.77% at Rs 154.1 crore versus Rs 167.1 crore, year-on-year, YoY.
Sale of vehicles for the quarter stood at 23,659 numbers (24,589 nos.) with domestic volumes at 20,429 nos. (22,239 nos.). International operations contributed 3,230 nos. (2,350 nos.) registering a rise of 37.4%. Though there was a slight drop in sales volume, the Company's EBITDA or gross operating margin for the quarter was up 8.6%, at Rs. 331.2 crores (Rs 304.8 crores) thanks to a better product mix and better cost control resulting in higher contribution.
Financial Expenses were higher at Rs 62.7 crores (Rs 39.5 crores) and so also was depreciation at Rs 85.9 crores (Rs 64.1 crores), Profit Before Tax stood at Rs. 192.9 crores (Rs 207.5 crores).
