*Ashok Leyland,* the flagship company of the Hinduja group announced a substantial drop in standalone net profit for the quarter ended December 2008 following decline in sales and operating margins coupled with higher cost of funds. During the quarter, the profit of the company declined 84.31% to Rs 188.68 million from Rs 1,202.17 million in the same quarter last year.
Net sales declined 44.40% to Rs 10,008.48 million, while total income for the quarter fell 45.14% to Rs 10,114.32 million, when compared with the prior year period. The company reported earnings of Rs 0.14 a share during the quarter, registering 84.62% decline over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 10,008.48 18,000.82 (44.40) *Net Profit* 188.68 1,202.17 (84.31) *Basic EPS* 0.14 0.91 (84.62) During the quarter, the operating margin of the company dropped by 88.59 basis points to 8.31% compared with the previous year period. Interest cost increased 2.58 times to Rs 394.09 million, while depreciation cost fell 12.37% to Rs 357.80 million over previous year period. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
