Ashok Leyland Limited, the flagship company of the Hinduja Group and one of India’s leading commercial vehicle manufacturers, reported a record consolidated net profit of ₹820 crore for the quarter ended September 2025 (Q2FY26), reflecting a 7% year-on-year (YoY) increase.
Revenue and Profit Growth
The company’s consolidated revenue grew 13% YoY to ₹12,577 crore, compared with ₹11,147.6 crore in the same quarter last year. The steady rise in topline performance was driven by robust demand for medium and heavy commercial vehicles (M&HCVs), continued traction in light commercial vehicles (LCVs), and improving export volumes.
Operational Performance
Ashok Leyland continued its strong operational momentum, delivering its 12th consecutive quarter of double-digit EBITDA margins. EBITDA rose 12% YoY to ₹1,162 crore, compared with ₹1,017 crore in Q2FY25, supported by cost optimization, an improved product mix, and a focus on premium and alternate-fuel vehicles.
The company highlighted that strategic cost-control measures and efficiency gains in manufacturing helped sustain profitability despite input cost pressures and competitive pricing in the domestic market.
Business Outlook
Management stated that demand remains strong across infrastructure, logistics, and construction sectors, supported by government capital expenditure and robust freight movement. Ashok Leyland also continues to strengthen its presence in exports and defence vehicle manufacturing.
Additionally, the company is investing in electric mobility and green technologies through its EV arm, Switch Mobility, aiming to accelerate its transition towards cleaner and more sustainable transportation solutions.
Ashok Leyland expressed confidence in maintaining growth momentum in the coming quarters, backed by a healthy order book, expanding product range, and favourable industry dynamics.
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