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Informist, Wednesday, Feb. 11, 2026

 

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--Ashok Leyland Oct-Dec net profit INR 7.96 bln vs INR 7.62 bln yr ago
--Analysts saw Ashok Leyland Oct-Dec net profit at INR 10.61 bln
--Ashok Leyland Oct-Dec revenue INR 115.34 bln vs INR 94.79 bln yr ago
--Analysts saw Ashok Leyland Oct-Dec revenue at INR 113.45 bln
--Ashok Leyland Oct-Dec labour code implementation cost INR 3.08 bln
--Ashok Leyland Oct-Dec profit excluding labour code impact INR 11.05 bln
--Ashok Leyland Oct-Dec operating margin 13.31% vs 12.78% year ago
--Ashok Leyland Apr-Dec net profit INR 21.61 bln vs INR 20.57 bln yr ago
--Ashok Leyland Apr-Dec revenue INR 298.47 bln vs INR 268.46 bln yr ago
--Ashok Leyland Oct-Dec EBITDA INR 15.35 bln vs INR 12.11 bln year ago
--Ashok Leyland Oct-Dec EBITDA margin 13.3% vs 12.8% year ago
--Ashok Leyland net cash at INR 26.19 bln on Dec 31 vs INR 9.58 bln yr ago

 

By Prateem Rohanekar

 

MUMBAI – Ashok Leyland Ltd. reported muted growth in net profit for the December quarter despite a sharp rise in revenue as the company's total expenses also shot up. Both the revenue and the total expenses were the highest in 11 quarters. The truckmaker's net profit missed the Street's view even as its revenue exceeded expectations. The cost of materials consumed and other expenses were major expense items for the company.

 

The company's December quarter net profit was INR 7.96 billion, up over 4% on year. Analysts had estimated the net profit at INR 10.61 billion. The company's revenue was INR 115.34 billion, up nearly 22% on year. The consensus estimate for the company's revenue was INR 113.45 billion. The company's total expenses were INR 102.20 billion, up more than 20% on year.

 

The cost of materials consumed by Ashok Leyland for the December quarter was INR 76 billion, up over 19% on year. The cost of materials consumed accounted for more than 74% of the company's total expenses. The other expenses, the second highest expenditure item, was INR 10.48 billion, up over 18% on year. Other expenses accounted for more than 10% of the company's total expenses.

 

Ashok Leyland reported an exceptional cost of INR 3.08 billion following the implementation of the new labour codes on Nov. 21. Without the exceptional cost, the Hinduja Group company's net profit for the reporting quarter would have been INR 11.05 billion.

 

The company's earnings before interest, tax, depreciation, and amortisation were INR 15.35 billion, up nearly 27% on year. Its EBITDA margin for the reporting quarter was 13.3%, up 50 basis points on year. The operating margin for the quarter was 13.31%, up 53 bps on year. The company's net cash as on Dec. 31 was INR 26.19 billion, up over 173% on year.

 

Ashok Leyland's net profit for the nine months ended Dec. 31 was INR 21.61 billion, up over 5% on year. Its revenue for the period was INR 298.47 billion, up over 11% on year. 

 

The company released its December quarter earnings during market hours. At 1507 IST, its shares were down 1.7% at INR 206.19 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Rajeev Pai

 

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