More Stories

Informist, Saturday, Nov. 14, 2026

 

Please click here to read all liners published on this story

--Ashok Leyland Jul-Sept net profit INR 8.69 bln
--Analysts saw Ashok Leyland Jul-Sept net profit at INR 8.63 bln
--Ashok Leyland Jul-Sept revenue INR 133.64 bln
--Analysts saw Ashok Leyland Jul-Sept revenue at INR 130.13 bln
--Ashok Leyland Jul-Sept net profit INR 8.69 bln vs INR 7.71 bln yr ago
--Ashok Leyland Jul-Sept revenue INR 133.64 bln vs INR 95.88 bln yr ago
--Ashok Leyland to pay INR 1 per share interim dividend
--Ashok Leyland interim dividend record date Nov 20
--Ashok Leyland Apr-Sept net profit INR 14.78 bln vs INR 13.65 bln yr ago
--Ashok Leyland Apr-Sept revenue INR 229.99 bln vs INR 183.13 bln yr ago
--Ashok Leyland Jul-Sept operating margin 10.10% vs 12.12% year ago
--Ashok Leyland Jul-Sept EBITDA INR 13.50 bln vs INR 11.62 bln yr ago
--Ashok Leyland net cash at INR 35.46 bln on Sept 30 vs INR 9.90 bln yr ago

 

By Anand JC

 

MUMBAI – Commercial vehicle maker Ashok Leyland Ltd.'s net profit growth for the September quarter was limited by a sharp surge in overall costs even as revenues grew at the strongest rate in the last 15 quarters. Its net profit and revenues for the quarter were a touch above estimates.

 

Ashok Leyland Saturday reported a net profit of INR 8.69 billion for Jul-Sept, up 13% on year and almost 43% on quarter. Analysts had expected its net profit to be INR 8.63 billion. Its revenues surged almost 40% on year and nearly 39% on quarter to INR 133.64 billion. Consensus estimates had pegged the top line at INR 130.13 billion. 

 

The company sold 37,958 medium-heavy commercial vehicles in the September quarter, up 44% on year. Its market share in the domestic truck segment stood at 31.5%, up 150 basis points on year. Its light commercial vehicle sales grew 21% on year to 21,371 units. Its market share in this segment improved to 13.6%, up 30 bps on year.

 

"Our record Q2 performance, coupled with market share gains and fifteen consecutive quarters of double-digit EBITDA margins, reflects our consistent focus on profitable growth," Managing Director and Chief Executive Officer Shenu Agarwal said in a press release. The automaker's other income for the quarter slipped 52% on year to INR 649 million.

 

Ashok Leyland's total expenses for the period jumped up 42% on year and 38% on quarter to INR 122.42 billion. This is the sharpest year-on-year increase in costs since the December quarter of 2022. Most of this surge was led by an increase in cost of materials consumed and other expenses. Cost of materials consumed grew 47% on year to INR 91.05 billion while other expenses increased 36% to INR 12.96 billion. The company's tax expenses for the reporting quarter were INR 3.18 billion, up 17% on year and 44% on quarter.

 

The company reported earnings before interest, tax, depreciation, and amortisation of INR 13.5 billion, up 16% on year. Its EBITDA margin for the quarter was 10.1%, down 200 bps on year.

 

Ashok Leyland derives most of its consolidated revenues from the sale of commercial vehicles and related components. A smaller fraction is derived from financial services. Consolidated revenues from the commercial vehicle business for the September quarter were INR 147.47 billion, up 39% on year. Consolidated revenues from the financial services business grew 16% to INR 22.84 billion. 

 

Ashok Leyland had cash of INR 35.46 billion as of Sept. 30, compared to INR 9.9 billion a year ago. The board has declared an interim dividend of INR 1 per share. The record date to determine eligible shareholders is Nov. 20, and the dividend will be paid on or before Dec. 13.

 

For Apr-Sept, the company reported a net profit of INR 14.78 billion, up 8% on year. Its revenues for the period grew 26% to INR 230 billion. Friday, shares of the company ended at INR 169.20 on the National Stock Exchange, 2.7% lower than Thursday.  End

 

Edited by Shubhayan Bhattacharya

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.