Ashok Leyland Q4 Net Profit Rises 13% to Rs 1,405 Cr; Declares Rs 2.50 Interim Dividend
Chennai, May 28 (TNT): Ashok Leyland, the flagship company of the Hinduja Group, on Thursday reported a 13 per cent rise in net profit for the March quarter at ₹1,405 crore, while Operating Profit Before Tax (PBT) for the quarter increased 14 per cent to ₹1,909 crore.
In a release, the company reported EBITDA of ₹2,066 crore for the fourth quarter of FY26, registering a 15 per cent growth over ₹1,791 crore recorded during the corresponding quarter last year.
For the full financial year FY26, Ashok Leyland posted revenues of ₹44,007 crore compared to ₹38,753 crore in FY25, marking a 14 per cent increase. Operating PBT rose 22 per cent to ₹5,163 crore, while Profit After Tax (PAT) stood at ₹3,566 crore despite a one-time charge of ₹308 crore related to the new Labour Code.
The company said it achieved its highest-ever quarterly and annual revenues, EBITDA and profits during FY26, driven by strong growth in commercial vehicle volumes, exports and electric mobility business.
Ashok Leyland’s EBITDA for FY26 stood at ₹5,732 crore, with EBITDA margins improving to 13 per cent compared to 12.7 per cent in the previous financial year. The company ended FY26 with a net cash position of ₹5,899 crore against ₹4,242 crore a year earlier.
Commercial vehicle volumes touched an all-time high of 2,20,437 units during FY26, surpassing the previous peak recorded in FY19. Light Commercial Vehicle (LCV) sales also reached a record 74,322 units, while export volumes rose 18.5 per cent to a historic high of 18,082 units.
The company’s electric mobility arm, Switch Mobility, recorded strong growth during the year, with e-bus volumes increasing 238 per cent to 1,530 units and e-LCV sales rising 56 per cent to 1,606 units. Revenue from the business more than doubled to ₹1,807 crore, while the subsidiary posted a PAT of ₹104 crore compared to a loss in the previous year.
Hinduja Leyland Finance Limited reported a 24 per cent rise in assets under management (AUM) to ₹59,531 crore, while Hinduja Housing Finance recorded 15 per cent AUM growth to ₹15,937 crore.
Chairman Dheeraj Hinduja said the company’s record performance reflected strong customer trust, growth in exports, electric mobility and defence businesses, along with expansion into global markets including Indonesia.
Managing Director and CEO Shenu Agarwal said FY26 had been a defining year marked by record revenues, profitability and cash generation, adding that the company was well-positioned to strengthen technology leadership and expand market share.
The Board of Directors declared a second interim dividend of ₹2.50 per share. Together with the interim dividend paid during the third quarter, the total dividend for FY26 stands at ₹3.50 per share.
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