Ashok Leyland Q3 Results: Profit Up 35%, Driven By Strong Sales

Ashok Leyland Ltd. reported a 34.63% increase in its consolidated net profit for the third quarter of fiscal 2025, riding on strong sales, especially in overseas markets. Net profit stood at Rs 819.67 crore, up from Rs 608.85 crore in the same period last year.

The company's revenue from operations for the quarter stood at Rs 11,995.21 crore, compared to Rs 11,065.63 crore yearly. However, total expenses for the quarter rose to Rs 10,937.89 crore, up from Rs 10,155.07 crore in the previous year.

Ashok Leyland described the quarter as its strongest ever for third quarters, with both revenue and profits reaching all-time highs.

Chairman Dheeraj Hinduja attributed the company's performance to "products that deliver superior performance coupled with robust customer engagement." He also spoke about the growth in international markets, noting, "Sales in international markets are showing strong growth, and we expect this momentum to accelerate with the launch of new products."

The company achieved an export volume of 4,151 units in the quarter, up 33% from 3,128 units in the same period last year.

"We are also continuing to invest in battery electric and alternate fuel products to maintain our technology leadership position. Switch has a healthy order book and has plans to come out with a series of products in the next 12 months," added Hinduja.

Chief Executive Officer and Managing Director Shenu Agarwal pointed to the recovery in the medium and heavy commercial vehicle market, saying, "The MHCV market has revived significantly in the third quarter and is expected to improve further in the last quarter."

"We remain optimistic about the growth of the CV industry in the medium and long term as macroeconomic factors continue to be favourable," added Agarwal.

(With inputs from PTI).