Ashok Leyland has registered a 12 per cent increase in turnover at Rs. 6,303 crores during the first half of FY 2012-13 as against Rs. 5,628 crores for the corresponding period in the last fiscal.
This was the result of a good sales performance that saw the company gain market share in the medium and heavy commercial vehicle (M&HCV) segment despite a fall in the total industry volume (TIV) by 13 per cent.
The sales turnover was also bolstered by the continued successful run of the DOST, which is the No.2 brand in its 2-3.5 tonne category with an all-India market share of close to 19 per cent.
EBITDA was up 2.5 per cent in H1 FY13 at Rs. 612 crores (Rs. 597 crores). Interest costs at Rs. 187 crores were higher by Rs. 65 crores primarily due to higher working capital requirements. Depreciation went up by Rs. 17 crores to Rs. 188 crores. PAT was Rs. 210 crores as against Rs. 240 crores in previous year’s first half.