Hinduja flagship company Ashok Leyland on Wednesday reported a stand-alone net loss of Rs 25.05 crore in the second quarter ended September, with the commercial vehicles segment remaining hit by a demand slump.
The company had posted a stand-alone net profit of Rs 142.59 crore in the same quarter last fiscal, Ashok Leyland said in a filing to the BSE.
The company said its net sales decreased to Rs 2,498.28 crore for the quarter ended September 30, 2013 from Rs 3,245.87 crore in the year-ago period.
For the six months ended September 30, the company registered a net loss of Rs 166.80 crore as against a net profit of Rs 209.53 crore in the same period of the previous fiscal.
Shares of Ashok Leyland on Wednesday closed at Rs 17.70 on the BSE, down 4.07 per cent from its previous close.