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Informist, Thursday, May 28, 2026

 

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--Ashok Leyland Jan-Mar net profit INR 14.05 bln 
--Analysts saw Ashok Leyland Jan-Mar net profit at INR 14.11 bln 
--Ashok Leyland Jan-Mar revenue INR 141.60 bln 
--Analysts saw Ashok Leyland Jan-Mar revenue at INR 141.26 bln 
--Ashok Leyland Jan-Mar net profit INR 14.05 bln vs INR 12.46 bln yr ago 
--Ashok Leyland Jan-Mar revenue INR 141.60 bln vs INR 119.07 bln yr ago 
--Ashok Leyland to pay INR 2.50 per share second interim dividend 
--Ashok Leyland second interim dividend record date Jun 3 
--Ashok Leyland FY26 net profit INR 35.66 bln vs INR 33.03 bln yr ago 
--Ashok Leyland FY26 revenue INR 440.07 bln vs INR 387.53 bln yr ago 
--Ashok Leyland Jan-Mar operating margin 14.59% vs 15.04% year ago 
--Ashok Leyland board OKs raising INR 3 bln by issuing NCDs 
--Ashok Leyland Jan-Mar EBITDA INR 20.66 bln vs INR 17.91 bln yr ago 
--Ashok Leyland net cash at INR 58.99 bln on Mar 31 vs INR 42.42 bln yr ago 

 

By Gopika Balasubramanium

 

MUMBAI – Commercial vehicle maker Ashok Leyland's top line and bottom line for the March quarter were largely in line with the Street's expectations. Net profit registered its highest growth in three quarters. The company posted a net profit despite expenditure growth which exceeded sales growth in the March quarter. 

 

The Chennai-headquartered company reported a net profit of INR 14.05 billion for the quarter, around 13% higher than INR 12.46 billion a year ago. Analysts had expected Ashok Leyland's net profit to be INR 14.11 billion. The company reported revenue of INR 141.60 billion for the March quarter, up around 19% from the year-ago quarter. Consensus estimates had pegged the company's revenue at INR 141.26 billion.

 

Ashok Leyland's earnings before interest, tax, depreciation, and amortisation were INR 20.66 billion, up 15% on year. Its EBITDA was also higher than the Street's expectation of INR 20.30 billion. 

 

During 2025-26 (Apr-Mar), the Dost-maker sold 220,437 commercial vehicles, a record high. This surpassed the previous peak of 197,366 units in FY19. Light commercial vehicles sales reached 74,322 units, above the earlier high of 66,633 units in FY24. Export volumes reached a historic high of 18,082 units during FY26, up 18.5% from the previous year. The power solutions and aftermarket businesses grew strongly during the year. As of Mar. 31, the company's net cash stood at INR 58.99 billion, up from INR 42.42 billion a year ago.

 

Ashok Leyland's expenses totalled to INR 123.20 billion for the quarter, up over 19% on year. Material costs rose over 29% on year to INR 95.36 billion. Other expenses rose 19.5% on year to INR 12.68 billion, while employee costs went up around 11% on year to INR 7.22 billion. The company's operating margin contracted to 14.59% for the quarter, from 15.04% a year ago. 

 

Ashok Leyland's net profit for FY26 went up 8% on year to INR 35.66 billion. Revenue from operations stood at INR 440.07 billion, up around 14%. 

 

The company's board has recommended a second interim dividend of INR 2.50 per share. The record date to ascertain eligible shareholders is Jun. 3. The board has also approved INR 3 billion through non-convertible debentures. Wednesday, shares of the company closed around 2% higher at INR 163.62 on the National Stock Exchange.  End

 

Edited by Mihika Basu

 

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