Consolidated revenue at the Hinduja Group flagship increased 13% to ₹12,577 crore.
The Chennai-based commercial vehicle maker also clocked its 12th consecutive quarter of double-digit Ebitda margin, underscoring its focus on profitable and sustainable growth.
KM Balaji, chief financial officer, said the record profit was aided by the closure of Switch Mobility’s loss-making UK subsidiary, which had weighed on group profitability, and a strong performance by Hinduja Leyland Finance (HLF), which grew over 20% from a year earlier. “This quarter reflects strong fundamentals across businesses, backed by better portfolio quality and cost controls,” he said.
Managing Director and CEO Shenu Agarwal said the strong results reflected “the resilience of our business model and the trust our customers place in us.” He said the margin expansion was being helped by product premiumisation, network growth, operational efficiency, cost optimisation, and digital enablement. “GST 2.0 has given a strong boost to consumption, and MHCV and LCV demand has picked up visibly since September,” he added.
Ashok Leyland‘s medium and heavy commercial vehicle (MHCV) sales rose 4%, while LCV volumes grew 8% last quarter, helping the company retain over 30% market share in MHCVs and maintain its leadership in buses for the 18th straight quarter.