Ashok Leyland Ltd. grew on the back of steady sales in July-September 2025, even as its bottomline remained largely flat.
Net profit of the commercial-vehicle maker rose 0.96% over the year-ago period to ₹771.06 crore in the three months ended 30 September, on revenue that increased 9.34% year-on-year to ₹9,588.18 crore, according to an exchange filing on Wednesday (12 November 2025). Analysts polled by Bloomberg had estimated the topline at ₹9,564 crore and the bottomline at ₹724 crore.
Ashok Leyland Q2 Results FY26
- Revenue up 9.3% YoY at ₹9,588 crore
- EBITDA up 14.2% at ₹1,162 crore
- EBITDA margin up 50 bps at 12.1%
- Net profit up 0.1% at ₹771 crore
One basis point is one-hundredth of a percentage point.
Ashok Leyland has now clocked double-digit EBITDA growth for 11 consecutive quarters, which has translated into record quarterly profit and higher margins.
“We believe we are well-positioned to achieve our mid-teen EBITDA goal in the medium-term,” Shenu Agarwal, chief executive officer at Ashok Leyland, said in a statement. “We remain cash positive.”