Ashok Leyland Q2 net profit rises 38% YoY at Rs 460 crore; Vinod Dasari resigns

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26 Aug, 2025 12:21

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Automobile major, Ashok Leyland, on Tuesday, reported 38 percent growth year on year in its net profit for September quarter at Rs 460 crore against Rs 334 crore that the company posted last year.

Its revenue grew 25 percent to Rs 7,608 crore against Rs 6,076.4 crore that the company posted last year.

At an operating level, the earnings before interest, taxes, depreciation and amortization (EBITDA) was reported at Rs 806 crore, a jump of 32 percent year on year. Last year, it had reported operating profit of Rs 611.8 crore last year.

The operating margin came in 50 basis points higher at 10.6 percent against 10.1 percent posted during last year.

"The growth in topline has helped in our financial performance. While input cost increases continue, we are attempting to neutralize this effect through efficient cost management. We continue to be zero debt as at the end of the quarter,” Gopal Mahadevan, CFO, Ashok Leyland said in an exchange filing.

The Board also announced the resignation of Vinod Dasari, MD and CEO of the company, effective March 31, 2019.

“After a successful stint of almost 14 years with Ashok Leyland, first as a Chief Operating Officer (COO) and then as CEO and MD, Vinod K. Dasari has decided to pursue his personal interests and seek new learning. Respecting his personal decision, the Board in its meeting today accepted his resignation. Dasari will continue to work in the current position until 31 March 2019, to ensure a smooth transition,” the company further informed the bourses.

The Board requested Dheeraj Hinduja to step in as executive chairman (EC) with immediate effect.

"My decision to leave is purely personal as I wish to pursue my personal interests and continue my learning journey. Fourteen years in this great Company, has been an incredible experience. There were many challenges along the way, but the continuous support of the Board and a committed team has helped the company achieve many laurels and set industry benchmarks. I consider it an honor and a privilege to have led this great organization over the last few years,” Dasari said in the statement.