Ashok Leyland delivers Best-ever Q3 All-time High Q3 Revenue and Profits PBT up 38 % to Rs.1373 Cr, EBITDA at 13.3%
Ashok Leyland, the Indian flagship of the Hinduja Group and the Country’s leading commercial vehicle manufacturer, delivered a successive Q3 record, in line with its focus on profitable growth. Some of the key highlights are as below:
- Recorded all-time High Q3 revenues of Rs. 11,534 Cr vis-à-vis Rs. 9,479 Cr in Q3 FY25 - growth of 22%
- Reported all time High Q3 EBITDA of Rs. 1,535 Cr (13.3%) vis-à-vis Rs. 1,211 Cr (12.8%) in Q3 FY25 –growth of 27%. This also is 12th consecutive quarter of registering double-digit percentage EBITDA.
- Achieved all-time High Q3 net profit of Rs. 796 Cr - increase of 4% over same period last year. This is after considering a onetime charge of Rs. 308 Cr towards new Labour Code.
- LCV Volume were at 20,518 units in Q3 FY26 vis-à-vis 15,754 units in Q3 FY25 - growth of 30%. This is higher than the industry volume growth (VAHAN) resulting in market share gain.
- Exports Volume of 4,965 units in Q3 FY26 vis-à-vis 4,151 units in Q3 FY25 - growth of 20%
- Net cash of Rs. 2,619 Cr at end of the quarter as against Net Cash of Rs. 958 Cr at end of Q3 FY25
Ashok Leyland’s domestic MHCV market share continues to be above 30%. The Company also has maintained market leadership in the Bus segment with a 40% Market share in Q3.
Ashok Leyland recently launched its all-new HIPPO and TAURUS product range, offering category-leading performance and reliability in Tipper and Tractor Trailer segments. The Defence, Power Solutions and Aftermarket Businesses continue to perform well.
Mr. Dheeraj Hinduja, Executive Chairman, Ashok Leyland, said “Market conditions continue to be favourable, and we are optimistic that this strength will sustain in the medium term across all our businesses, including MHCV, LCV, and Defence. Our strong and consistent growth in volumes and profitability underscores the competitiveness of our portfolio, which delivers superior performance and customer value, reinforced by deep and effective customer engagement across all segments. We are executing a structured pipeline of product introductions across conventional and alternative propulsion platforms to further strengthen our leadership in the domestic market and accelerate our expansion in international markets. Our electric vehicle arm, Switch, has a healthy order book and a well-defined product roadmap. It has started delivering buses in International markets and has achieved positive EBITDA and PAT over the first nine months.”
Mr. Shenu Agarwal, Managing Director & CEO, Ashok Leyland, added, “The GST rationalization has not just lowered prices, but also brought a fillip to the overall freight demand, triggering fresh replacement cycle in the CV industry. With supportive macroeconomic fundamentals and improving customer sentiment, we remain confident about the medium to long-term growth prospects of the CV industry. Our strategy continues to be anchored in delivering profitable growth through sustained product premiumisation, structural cost competitiveness, wider service coverage, and continued focus to grow non-CV businesses. “
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