Ashok Leyland posts ₹820 crore profit in Q2, revenue climbs on strong sales

Commercial vehicle maker Ashok Leyland has reported a 7 per cent increase in consolidated net profit to ₹820 crore for the second quarter ended September 30, 2025, backed by robust demand across both domestic and international markets. The company, part of the Hinduja Group, had recorded a net profit of ₹767 crore during the same period last year.

Revenue from operations rose to ₹12,577 crore, compared to ₹11,142 crore in the corresponding quarter of the previous fiscal. On a standalone basis, the company achieved its highest-ever quarterly profit of ₹771 crore, marginally higher than ₹770 crore last year, indicating consistent performance despite market fluctuations.

Ashok Leyland’s Medium and Heavy Commercial Vehicle (MHCV) sales grew 3 per cent year-on-year, from 25,542 units to 26,307 units. Its Light Commercial Vehicle (LCV) segment also performed well, registering a 6 per cent rise from 16,629 to 17,697 units. Export volumes were a major highlight, surging 45 per cent to reach 4,784 units, showcasing the company’s growing global footprint.

Given its strong financial performance, the board has recommended an interim dividend of ₹1 per share for shareholders.

Chairman Dheeraj Hinduja said the company’s growth reflects the strength of its products and its focus on customer satisfaction. “We continue to deliver profitable growth, supported by sustained demand and our competitiveness in the market. Internationally, we are expanding in our key regions such as the Middle East, Africa, and SAARC,” he stated.

Managing Director and CEO Shenu Agarwal said demand remains stable across all truck and bus segments. “The industry has seen moderate growth, and we expect a stronger performance in the second half of the fiscal year,” he said.

Agarwal added that profitability improvements were driven by product premiumisation, network expansion, operational efficiency, cost optimisation, and digital initiatives.

Despite the strong quarterly results, Ashok Leyland shares were down 1.03 per cent at ₹144.55 on the BSE on Wednesday afternoon.