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Ashok Leyland Q1 profit rises 2.6% to ₹609 crore
Revenue grew 10.4% to ₹9,634 crore in the quarter, while operating margins fell as material costs rose and EBITDA margin slipped to 10.1% from 11.1% a year earlier.
Ashok Leyland reported Q1 FY27 net profit of ₹609 crore, up 2.6% year over year from ₹594 crore in the year-ago quarter, according to LiveMint Markets. Revenue from operations increased more than 10.4% to ₹9,634 crore, compared with ₹8,724.5 crore in the corresponding period of the prior year.
The company said commercial vehicle volumes reached a record 48,763 units in Q1 FY27, rising from 44,238 a year earlier. However, rising material costs weighed on operating margins, with EBITDA margin decreasing to 10.1% from 11.1% and EBITDA at ₹970 crore.
Ashok Leyland also said it strengthened its balance sheet in the quarter, with net cash rising to ₹2,252 crore, an improvement of ₹1,432 crore year over year. The firm reported 15% growth in MHCV truck volumes (excluding defence), while domestic LCV volumes increased 21% year over year, with LCV volumes at a record 18,874 units.
The company added that exports during the quarter were 2,461 units and pointed to contributions from its Power Solutions, Aftermarket, and Defence businesses. Ashok Leyland introduced an “Air Suspension Technology” for multi-axle trucks and expanded its distribution network by adding 33 new touchpoints during the quarter, while its CEO said the industry remained resilient despite geopolitical headwinds, even as material costs stayed a key concern.