Ashok Leyland Q2 net profit rises 7% to ₹756 crore; board declares interim dividend of ₹1 per share

Ashok Leyland Ltd. for the second quarter ended September 20, 2025, reported 7% growth in consolidated net profit [attributed to owners of the company] to ₹756 crore as compared with ₹706 crore in the year-ago period.

During the quarter revenue increased 9% year on year (YoY) to ₹10,544 crore.

The Board has recommended a 100% Interim Dividend of ₹1 per share on shares with face value of ₹1.

The company said both its Q2 volume jumped of 3% in Medium & Heavy Commercial Vehicles [MHCV] segment (from 25,542 to 26,307 units) and 6% in the Light Commercial Vehicles [LCV] segment (from 16,629 to 17,697 units) on YoY basis. 

Its domestic MHCV market share continued to be over 30% and it maintained its market leadership in the Bus segment. The LCV domestic market share in the addressable segments has also improved, it said 

The export volumes for the quarter were at 4,784 units, up 45% YoY.

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.’

“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 1,500 vehicles,” he added.

Shenu Agarwal, Managing Director & CEO, Ashok Leyland, added, “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. Our focus on profitability is reflected in record PAT for Q2FY26 and higher EBITDA margins, both sequentially and year-on-year,” he said. 

“Margin expansion is being driven by product premiumization, network growth, operational efficiency, cost optimization, and digital enablement. We believe we are well positioned to achieve our mid-teen EBITDA goal in the medium term. We remain cash positive,” he added.