CHENNAI: Ashok Leyland Limited reported a record December quarter, delivering its highest-ever profit and revenue despite absorbing a one-off charge linked to the new labour code.
The commercial vehicle maker posted a standalone net profit of Rs 796 crore in the third quarter of FY26, up 4.4 per cent from Rs 762 crore a year earlier. The result includes a one-time charge of Rs 308 crore, after which profit still touched an all-time high.
Revenue from operations rose 22 per cent on-year to a record Rs 11,534 crore, compared with Rs 9,479 crore in the year-ago quarter, supported by strong demand across segments.
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Operating performance remained firm, with Ebitda rising 27 per cent to Rs 1,535 crore from Rs 1,211 crore. Ebitda margin improved to 13.31 per cent, up from 12.78 per cent, marking the 12th consecutive quarter of double-digit margin growth, the company said.
Volumes expanded sharply. MHCV sales rose 23 per cent to 32,929 units, while LCV volumes climbed 30 per cent to 20,518 units, outpacing industry growth, according to Vahan data. Export volumes increased 20 per cent to 4,965 units.
Ashok Leyland’s net cash position strengthened to Rs 2,619 crore, nearly triple the level a year earlier.
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Commenting on the results, executive chairman Dheeraj Hinduja, said market conditions remained favourable and growth momentum was expected to continue across MHCV, LCV and defence businesses. He added that the company is advancing a structured pipeline of new products across conventional and alternative propulsion platforms.
Hinduja said the electric vehicle arm, Switch Mobility, has begun international bus deliveries, holds a healthy order book, and posted positive Ebitda and Pat over the first nine months.
Shares of Ashok Leyland fell 2.21 per cent to Rs 205.09 on the NSE following the earnings announcement.
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