Ashok Leyland, the Indian flagship of the Hinduja Group, reported a robust performance in Q2 FY2025 with a Profit Before Tax (PBT) of Rs 1,083 Cr, up 23% YoY from Rs 878 Cr. PAT reached an all-time high of Rs 771 Cr, supported by a strong EBITDA margin of 12.1% compared to 11.6% in the same period last year.
Strong Segment Growth:
- MHCV volumes rose 3% YoY (25,542 → 26,307 units)
- LCV volumes increased 6% YoY (16,629 → 17,697 units)
- Bus industry continues its growth streak for the 18th consecutive quarter.
- Domestic MHCV market share remains above 30%, while LCV market share improved in key segments.
Exports & Business Expansion:
- Export volumes surged 45% YoY to 4,784 units.
- Defence, Power Solutions, and Aftermarket businesses continue strong performance.
- New product launches in Tipper, Bus, Haulage, and LCV segments expanded the portfolio.
- Distribution network expansion is progressing ahead of plan.
Dividend Announcement:
Reflecting strong financial performance and a positive outlook, the Board recommended a 100% interim dividend of Rs 1/- per share (FV Re. 1/share).
Ashok Leyland’s Q2 results highlight its leadership across MHCV, LCV, and Bus segments, reinforcing its position as a key player in the commercial vehicle industry.
Mr. Dheeraj Hinduja, Chairman, Ashok Leyland, said “We continue to deliver profitable growth, driven by continuing demand. Our robust all-round performance symbolizes 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 1500 vehicles.”
Mr. 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. 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.”
