Ashok Leyland Q3 Results: Net Profit Rises 4.5% To Rs 796 Crore, Revenue Up 21.7%

Ashok Leyland Q3 Results: Commercial vehicles maker Ashok Leyland on Wednesday reported a 4.5% rise year-on-year in its standalone net profit to Rs 796 crore for the third quarter ended December 2025. Its revenue in October-December 2025 increased 21.7% to Rs 11,533 crore, compared with Rs 9,479 crore in the year-ago period.

Its net profit had stood at Rs 762 crore in the corresponding period last year, according to a regulatory filing.

Its earnings before interest, tax, depreciation and amortisation (EBITDA) increased 26.7% to Rs 1,535 crore from Rs 1,211 crore in the third quarter last year.

Ashok Leyland’s margin expanded to 13.3% from 12.8% in the year-ago period.

Following the results, shares of Ashok Leyland fell 2.5% to trade at day’s low of Rs

204.1 apiece on the NSE, as of 2:18 pm.

On a consolidated basis, Ashok Leyland’s net profit rose 5.19 per cent to Rs 862.24 crore for the third quarter ended December 31, 2025, compared with Rs 819.67 crore a year ago.

Its revenue from operations in the third quarter stood at Rs 14,830.24 crore as against Rs 11,995.21 crore in the year-ago period, it added. Its total expenses in the quarter under review were higher at Rs 13,490.15 crore as compared to Rs 10,937.89 crore in the year-ago period.

In the third quarter, MHCV (medium and heavy commercial vehicle) volume was at 32,929 units as against 26,692 units in Q3 FY25, a growth of 23 per cent. LCV (light commercial vehicle) volumes were at 20,518 units as compared to 15,754 units in Q3 FY25, up 30 per cent, the company said.

Exports were at 4,965 units as against 4,151 units in Q3 FY25, a growth of 20 per cent, it added.

Commenting on the performance, Ashak Leyland Executive Chairman, Dheeraj Hinduja said, “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.”

On the outlook, he 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.”