Standalone revenue from operations for the quarter ended June 2025 stood at Rs 8,724.51 crore, a marginal 1.5% rise YoY compared to Rs 8,598.53 crore in the June 2024 quarter.
On a consolidated basis, the Hinduja Group’s flagship reported a net profit attributable to owners of the company at Rs 611.07 crore, marking a 20% YoY jump from Rs 509.15 crore in the corresponding quarter last year.
Volumes in Q1
The quarter marked Ashok Leyland’s highest-ever commercial vehicle volumes at 44,238 units and its highest Q1 revenue at Rs 8,725 crore. The company also posted record EBITDA and profit after tax at Rs 970 crore and Rs 594 crore, respectively, compared with Rs 911 crore and Rs 526 crore a year earlier.
The domestic medium and heavy commercial vehicle (MHCV) industry was largely flat on last year’s high base, but Ashok Leyland’s MHCV truck volumes (excluding defence) rose 2%, lifting its market share from 28.9% to 30.7% YoY. In buses, the MHCV segment (excluding electric vehicles) expanded 5%, with the company maintaining its leadership position.
Light commercial vehicle (LCV) volumes for the quarter touched an all-time Q1 high at 15,566 units, while exports surged 29% to 3,011 units. The Power Solutions, Aftermarket, and Defence businesses also contributed strongly to the performance. EBITDA margin improved to 11.1% in Q1 FY26 from 10.6% a year earlier, with the company remaining cash-positive at Rs 821 crore at the quarter’s end.“Ashok Leyland has delivered a robust Q1 performance, exceeding expectations through effective market execution while maintaining rigorous cost management,” said Dheeraj Hinduja, Chairman.“Our electric mobility subsidiary, Switch Mobility, continues to gain traction and has achieved positive EBITDA. We are redoubling our efforts in international markets and the Defence business. Reinforcing our product superiority and strong customer orientation, we are sharpening our focus to play a pivotal role in our industry,” he added.Shenu Agarwal, Managing Director & CEO, said, “We are happy to report simultaneous increases in market share and operating margins… Our focus on growing our non-CV portfolio is also helping us deliver record performances in many quarters in a row.”
The company said its key goal is to achieve mid-teen EBITDA margins over the medium term while continuing to develop future-ready technologies.
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