Ashok Leyland Q2 Results: Ashok Leyland, the commercial vehicle manufacturer, on Wednesday reported a 7.1% YoY jump in its consolidated net profit to Rs 755.77 crore for the second quarter of FY26. Its
revenue from operations in July-September 2025 increased 9.3% to Rs 9,588 crore, compared with Rs 8,769 crore in the year-ago period.
Its net profit had stood at Rs 705.64 crore in the corresponding quarter last year, according to a regulatory filing.
The company has also announced an interim dividend of Re 1 per equity share for FY26.
“The Board of Directors of the Company, at their meeting held today, have declared an Interim Dividend of Re 1 per equity share of Re 1 each, for the financial year ending 2025-26. The said interim dividend, would be paid, on or before December 11, 2025,” Ashok Leyland said in the filing.
Shares of Ashok Leyland were trading down by 1.94 per cent to trade at Rs 144.20 apiece on the NSE, at around 2:40 pm on Wednesday.
Dheeraj Hinduja, chairman at Ashok Leyland, said, “We continue to deliver profitable growth, driven by continuing demand. Our robust all-round performance symbolises the competitiveness of our products and strong customer focus. In the International business we are intensifying our expansion strategy in our focus markets of Middle East, Africa and SAARC. Switch Mobility is performing well with an order book of nearly 1500 vehicles.”
Its Ebitda during Q2 FY26 increased 14.2% to Rs 1,162 crore from Rs 1,017 crore, while its Ebitda margin improved to 12% from 11.6%, YoY, driven by product premiumisation, network growth, operational efficiency, cost optimisation, and digital enablement. Ebitda stands for earnings before interest, tax, depreciation and amortisation.
“We continue to see stable demand in all segments of trucks and buses. The industry has posted growth, albeit modest, and we are anticipating to witness better growth in the second half. Ashok Leyland has achieved its eleventh consecutive quarter of double-digit EBITDA,”
said Shenu Agarwal, managing director and CEO of Ashok Leyland.
“We believe we are well positioned to achieve our mid-teen Ebitda goal in the medium term. We remain cash-positive,” Agarwal added.
