Hinduja owned Ashok Leyland, reported a profit (before exceptional items and tax) of Rs 1083 crore for the quarter, up 23 per cent over the same period last year (Rs 878 crore).
The EBITDA for the quarter was 12.1 per cent (Rs 1162 crore) as against 11.6 per cent (Rs 1,017 crore) in the corresponding period last year.
Ashok Leyland’s Q2 volumes grew 3 per cent in MHCV (from 25,542 to 26,307 units) and 6 per cent in the LCV segment (from 16,629 to 17,697 units) on a year-on-year basis. The bus industry continued its growth for the 18th consecutive quarter.
Both the medium and heavy commercial vehicle (MHCV) and light commercial vehicle (LCV) industries witnessed positive growth in Q2.
The company’s domestic MHCV market share stayed over 30 per cent, and it maintained top position in the bus segment. The LCV domestic market share in addressable segments also improved.
Export volumes for the quarter were 4784 units, up 45 per cent year-on-year. The Defence, Power Solutions and Aftermarket businesses continued to perform well and are expected to achieve solid growth in the current fiscal, according to the release.
Based on improved financial performance and outlook, the Board has recommended a 100 per cent interim dividend of Rs 1 per share (face value Re 1 per share).
Dheeraj Hinduja, Chairman, 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,” he said.
Shenu Agarwal, Managing Director & CEO, Ashok Leyland, said, “We continue to see stable demand in all segments of trucks and buses. The industry has posted modest growth, and we anticipate stronger growth in the second half. Ashok Leyland has achieved its eleventh consecutive quarter of double-digit EBITDA. Our focus on profitability is reflected in record PAT for Q2FY26 and higher EBITDA margins, both sequentially and year-on-year, he added.
Also, the company expanded its product line-up in Q2 by launching new products in the tipper, bus, haulage and LCV segments. Expansion of the distribution network is progressing ahead of plan.
