Ashok Leyland Ltd. grew on the back of steady sales in July-September 2025, even as its bottomline remained largely flat.
Ashok Leyland says it's well-positioned to achieve our mid-teen EBITDA goal in the medium-term. (Tushar Deep Singh/HT)
Net profit of the commercial-vehicle maker rose 0.96% over the year-ago period to ₹771.06 crore in the three months ended 30 September, on revenue that increased 9.34% year-on-year to ₹9,588.18 crore, according to an exchange filing on Wednesday (12 November 2025). Analysts polled by Bloomberg had estimated the topline at ₹9,564 crore and the bottomline at ₹724 crore.
Ashok Leyland Q2 Results FY26
Revenue up 9.3% YoY at ₹9,588 crore
EBITDA up 14.2% at ₹1,162 crore
EBITDA margin up 50 bps at 12.1%
Net profit up 0.1% at ₹771 crore
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One basis point is one-hundredth of a percentage point.
Ashok Leyland has now clocked double-digit EBITDA growth for 11 consecutive quarters, which has translated into record quarterly profit and higher margins.
“We believe we are well-positioned to achieve our mid-teen EBITDA goal in the medium-term,” Shenu Agarwal, chief executive officer at Ashok Leyland, said in a statement. “We remain cash positive.”
Tushar Deep Singh is a business journalist and digital editorial leader with 12 years of experience in financial journalism. Currently Assistant Editor at Hindustan Times, he is building the HT Business vertical and managing the newsletters for both Livemint and HT. When not in the newsroom, he can be found on a motorcycle. Throughout his career, Tushar has been instrumental in scaling digital publishing operations at some of India’s largest financial news websites. His six-year tenure at Mint—the first job—saw him plunge into online media to deliver record-breaking digital engagement for Livemint.com, including 7.2 million page views on 2017 UP Election Results day. He held fort at Livemint during a senior-level leadership transition later that year. That won him the HT Media Star Award (Bronze) in 2017 and a Certificate of Appreciation for Editorial Excellence in 2018. As the head of the digital desk at ETtech, he curated two daily, full-stack newsletters from an editorial as well as product perspective. At NDTV Profit, he transitioned from website editor to principal correspondent, reporting on the auto sector for the TV channel and website, thereby adding yet another layer to his editorial expertise. He is a post-graduate in journalism from Xavier Institute of Communications, Mumbai, and a graduate from St. Xavier's College, Ahmedabad.
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Home/Business/Ashok Leyland Q2 Results: Net profit flat at ₹771 crore, revenue up 9.3%
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