Chennai, Feb 11 (.) CV makers Ashok Leyland, the Indian flagship of the Hinduja Group,
has delivered a successive Q3 record, in line with its focus on profitable growth.
In a statement here on Wednesday the company shared the key highlights stating it recorded
all-time high Q3 revenues of Rs. 11,534 crore vis-à-vis Rs. 9,479 Cr in Q3 FY25–registering
a growth of 22%.
It reported all time High Q3 EBITDA of Rs. 1,535 crore (13.3%) vis-à-vis Rs. 1,211 crore (12.8%)
in Q3 FY25 –growth of 27%.
This also is 12th consecutive quarter of registering double-digit percentage EBITDA.
It achieved all-time High Q3 net profit of Rs. 796 crore – increase of 4% over same period last year.
This is after considering a onetime charge of Rs. 308 crore towards new Labour Code.
The MHCV Volume were at 32,929 units in Q3 FY26 vis-à-vis 26,692 units in Q3 FY25–a growth
of 23%, which is higher than Q3 industry growth resulting in market share gain.
LCV Volume were at 20,518 units in Q3 FY26 vis-à-vis 15,754 units in Q3 FY25 – growth of 30%,
which also higher than the industry volume growth (VAHAN) resulting in market share gain.
Exports Volume was 4,965 units in Q3 FY26 vis-à-vis 4,151 units in Q3 FY25 – growth of 20%
Net cash of Rs. 2,619 crore at end of the quarter as against Net Cash of Rs. 958 crore.
Ashok Leyland’s domestic MHCV market share continues to be above 30%.
The company also has maintained market leadership in the Bus segment with a 40% market
share in Q3.
Ashok Leyland recently launched its all-new HIPPO and TAURUS product range, offering
category-leading performance and reliability in Tipper and Tractor Trailer segments.
The Defence, Power Solutions and Aftermarket Businesses continue to perform well.
Mr. Dheeraj Hinduja, Executive Chairman, Ashok Leyland, said “Market conditions continue
to be favourable, and we are optimistic that this strength will sustain in the medium term
across all our businesses, including MHCV, LCV, and Defence. Our strong and consistent
growth in volumes and profitability underscores the competitiveness of our portfolio, which
delivers superior performance and customer value, reinforced by deep and effective customer
engagement across all segments.”
“We are executing a structured pipeline of product introductions across conventional and
alternative propulsion platforms to further strengthen our leadership in the domestic market
and accelerate our expansion in international markets”, he said.
“Our electric vehicle arm, Switch, has a healthy order book and a well-defined product
roadmap. It has started delivering buses in International markets and has achieved
positive EBITDA and PAT over the first nine months”, he added.
Mr. Shenu Agarwal, Managing Director and CEO, said “The GST rationalization has not
just lowered prices, but also brought a fillip to the overall freight demand, triggering fresh
replacement cycle in the CV industry. With supportive macroeconomic fundamentals and
improving customer sentiment, we remain confident about the medium to long-term growth
prospects of the CV industry. Our strategy continues to be anchored in delivering profitable
growth through sustained product premiumisation, structural cost competitiveness, wider
service coverage, and continued focus to grow non-CV businesses. “
. GV 1635