India · Delayed Price · Currency is INR Ashok Leyland Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw record revenue, profit, and volumes, with strong growth across all segments and robust cash generation. Despite commodity and fuel cost pressures, demand remains resilient, and new product launches and EV initiatives are expected to support future growth.
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Record Q3 results with double-digit revenue and profit growth, driven by strong CV demand, product launches, and market share gains. Margins improved despite commodity headwinds, and the outlook remains robust with a positive replacement cycle and continued investment in innovation.
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Q2 FY26 delivered strong revenue and margin growth, driven by robust domestic and export volumes, GST-led demand, and expansion in non-truck businesses. Outlook for H2 remains optimistic with new product launches and continued cost control expected to support further gains.
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Record Q1 results with revenue up 1.5% YoY and net profit up 13% YoY, driven by market share gains, cost control, and strong export and non-CV business growth. Outlook remains positive with new product launches and robust order pipeline in defense and international markets.
Fiscal Year 2025
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Record revenue, profit, and margins achieved in FY 2025, with strong growth in exports, non-CV businesses, and EVs. FY 2026 outlook is optimistic, with continued focus on cost leadership, product innovation, and expansion in alternate fuel vehicles.
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Q3 FY25 saw a 31% YoY net profit increase, record revenues, and improved margins, with strong export growth and a robust order book. The company remains optimistic for FY26, targeting higher market share and continued expansion in both domestic and export markets.
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Q2 FY25 saw a 9% revenue drop but a 37% YoY PAT increase, with EBITDA margin improving to 11.6%. Export and non-vehicle businesses grew strongly, and management remains optimistic for H2, targeting mid-teen EBITDA and higher market share.
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Q1 FY25 delivered record CV volumes, revenues, and profitability, with strong growth in defense and spare parts, and a robust product pipeline. Management remains optimistic for continued growth, targeting higher margins and market share gains through product strength, not discounting.