Hinduja Group-led Ashok Leyland announced its financial results for the second quarter of FY 2025-26 (Q2 FY26) on 12th November, 2025, showing steady growth driven by continued demand across commercial vehicle segments. The company posted a consolidated net profit of ₹755.77 crore, up 7.1% year-on-year from ₹705.64 crore recorded in the same quarter last year. Sequentially, profit rose by 23.6% from ₹611.07 crore in Q1 FY26.
The commercial vehicle major also declared an interim dividend of Re 1 per equity share for FY26, payable on or before 11 December 2025.
Strong Operational Performance and Revenue Growth
Ashok Leyland’s income from operations rose 9.4% year-on-year to ₹10,543.97 crore, compared with ₹9,588 crore in the year-ago period. The company also registered a 7.6% sequential increase in revenue, reflecting sustained market momentum and a robust product mix across its truck and bus portfolio.
Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at ₹1,162 crore in Q2 FY26, up 14.2% from ₹1,017 crore a year earlier. The EBITDA margin improved to 12% from 11.6% year-on-year, supported by product premiumisation, cost optimisation, and digital efficiency initiatives.
Business Outlook
The company’s steady profitability, operational discipline and expanding international footprint underscore its resilience amid an evolving market environment. Ashok Leyland’s focus on premium products, efficient cost structures and digital enablement continues to strengthen its competitive position in the commercial vehicle industry.
With its strong order pipeline and sustained financial performance, Ashok Leyland appears set for continued growth through FY26 and beyond.
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- Vodafone Idea Q2 FY26 Results: Net Loss Narrows to ₹5,524 Crore as Revenue Rises 2.4% YoY
- Bajaj Finance Q2 Results: Net Profit Up 22% YoY to ₹4,875 Crore; NII Also Rises 22%
Conclusion
Ashok Leyland’s Q2 FY26 results reflect solid execution and resilient demand across domestic and international markets. A 7% rise in profit, improved margins, and the declaration of a dividend highlight its commitment to shareholder value creation. With strategic expansion plans and a sustained focus on innovation and efficiency, the company continues to strengthen its position as a leading player in India’s commercial vehicle landscape.
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