India · Delayed Price · Currency is INR Ashok Leyland Earnings Call Transcripts
Fiscal Year 2026
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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.