Ashok Leyland - September 2012 Sales Update - Angel Broking

Demand pick-up in the southern market and sales momentum in Dost enabled AL to post strong better-than-expected sales.

AL's sales for September 2012 were better-than-expected. Sales of Dost surged to all time high levels which helped the company to post a strong growth of 20.7% yoy (12.6% mom) in volumes to 10,623 units. Total volumes ex-Dost registered an 11.7% yoy (up by a strong 15.1% mom) decline to 7,596 units on account of sluggish demand led by slowdown in economic activity.

Dost's sales continued to be strong at 3,027 units, up 6.8% mom.

Source : Equity Bulls

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