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Financial Statement Analysis of Ashok Leyland
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Introduction
During the year 2013-14, Ashok Leyland (Ashok), the flagship company of the Hinduja Group and India’s second largest commercial vehicle manufacturer, reported a loss that exceeded analysts’ predictions. Ashok’s sales revenue declined by 20% and the net profit margin by 93% . Ashok’s negative performance reflected the performance of the Indian automobile sector, which declined by 2%, recording Rs. 2117.65 billion sales revenue as against the previous year’s Rs.2160.00 billion. |
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