Ashok Leyland Q1 results: Net profit rises 13% to Rs 594 crore

The company also reported its highest EBITDA of Rs 970 crore, up 11% compared to Rs 911 crore a year ago.

"Ashok Leyland MHCV Truck volumes (excluding Defence) grew 2% registering YOY market share increase from 28.9% to 30.7%. MHCV Bus TIV (excluding EVs) grew by 5%. Ashok Leyland maintained its domestic market leadership position in MHCV buses. LCV domestic Q1 volume at 15,566 units were ever highest for the quarter. The Export volume in Q1 grew 29% YOY at 3,011 units," the company said in a stock exchange filing.

The company said it continues to be cash positive at end of Q1FY26 at Rs 821 crore.

Dheeraj Hinduja, Chairman, Ashok Leyland, said "Ashok Leyland has delivered a robust Ql performance, exceeding the expectations through effective market execution while maintaining rigorous cast management. Our electric mobility subsidiary, Switch Mobility, continues to gain good traction and has achieved positive EBITDA. We are redoubling our efforts in the international markets and Defence business. Reinforcing our product superiority and strong customer orientation, we are sharpening our focus to playa pivotal role in our industry."

Shenu Agarwal, Managing Director & CEO, Ashok Leyland, said, "We are happy to report simultaneous increases in market share and operating margins. This reinforces our strategy to deliver profitable growth through superior products and best-in-class customer service. Our focus on growing our non-CV portfolio is also helping us deliver record performances in many quarters in a row. Our priority remains achieving mid-teen EBITDA margins in the medium term, while advancing our commitment to future -ready technologies."