Hit by declining sales, Ashok Leyland corrects inventories by 50%

Jan 23 2014, 10:25 IST
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Ashok Leyland's inventory level has come down from 7,500 vehicles to about 4,200 vehicles. Ashok Leyland's inventory level has come down from 7,500 vehicles to about 4,200 vehicles.
SummaryAshok Leyland on track to reduce debt by Rs 1,000 crore by the end of this fiscal.

Rs 167.20 crore in during the October-December period, against a net profit of Rs 74.14 crore in the same quarter last fiscal. In Q2FY14, the company had reported a net loss of Rs 25 crore. Total income during the quarter declined by 19% to Rs 1,968.62 crore, against Rs 2,420.46 crore in the same period last fiscal. Sequentially, the total income was at Rs 2,498 crore.

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