Ashok Leyland shares decline nearly 3% despite record quarterly profit of ₹1,405 crore

The stock was down 2.86% to ₹158.94 apiece on the National Stock Exchange (NSE) at 10:09 am.

Ashok Leyland Q4 results

Ashok Leyland, the Indian flagship of the Hinduja Group, reported a record quarterly standalone profit after tax of ₹1,404.72 crore in the final quarter of the financial year 2025-26, up 12.75% year-on-year (YoY).

The company had posted a net profit of ₹1,245.87 crore a year back.

Its revenue from operations advanced 18.92% to ₹14,160.49 crore in Q4 FY26, compared to ₹11,906.71 crore in the corresponding period last year.

The company posted an EBITDA (earnings before interest, taxes, depreciation, and amortisation) of ₹2,066 crore for Q4 FY26, reflecting a growth of 15% from ₹1,791 crore for the same period last year, according to an exchange filing.

Ashok Leyland announces dividend; check record date

The company's board declared a second interim dividend of ₹2.50 per share of ₹1 each for FY26. The record date has been fixed as Wednesday, June 3.

"The said second interim dividend, would be paid, on or before June 26, 2026," the commercial vehicle maker said, adding that there will not be any final dividend for the FY 2025-26.

Overall commercial vehicle (CV) volumes touched a new all-time high of 220,437 units in FY26, surpassing the previous peak of 197,366 units in FY19. The CV volumes in FY26 ascended 13% from last year. LCV volumes also set a new benchmark, reaching 74,322 units, well above the previous high of 66,633 units in FY24.

Dheeraj Hinduja, Chairman, Ashok Leyland, said, “Our CV and export volumes were at an all-time high, reflecting the deep trust our customers place in us. The company delivered significant growth in power solutions, aftermarket and electric mobility businesses."

"Our defence order pipeline is at its all-time high, signifying ability to deliver superior growth in the coming years...We are well-positioned to sustain profitable growth and create long-term value," he added.