Ashok Leyland shares tank 4% as Street digests disappointing July number

Ashok Leyland reported an 8.7 percent decline in standalone net profit at Rs 525.58 crore in the first quarter of FY25.

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26 Aug, 2025 12:21

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Ashok Leyland shares sank over three percent on August 1, after the auto-maker shared its monthly sales data with total sales at 13,928 units.

Ashok Leyland's total sales decreased 8 percent in July, with 13,928 units sold compared to 15,068 units in the same month last year.

At 3.15 pm, the company's shares were quoting Rs 250.05 on the NSE, lower by 2.75 percent.

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The sales of Medium & Heavy Commercial Vehicles (M&HCV) also saw a decline, dropping by 12 percent to 8,440 units from 9,571 units in the year-ago period. Specifically, M&HCV truck sales saw a significant reduction, falling by 20 percent to 6,426 units from the previous year's 8,037 units.

On June 25, Ashok Leyland reported an 8.7 percent decline in standalone net profit at Rs 525.58 crore in the first quarter of FY25, compared to Rs 576.42 crore in the corresponding period of previous financial year.

The net profit for the quarter under review has declined significantly from the March quarter profit, which came in at Rs 900.41 crore.

Ashok Leyland has attributed this decline in net profit to a one-time tax expenditure reported as exceptional item in the results.

The company reported a 5 per cent year-on-year increase in revenue from operations, reaching Rs 8,599 crore for the April-June period, up from Rs 8,189 crore in the same period last year.

Dheeraj Hinduja, Chairman, Ashok Leyland maintains that Q1 Industry volumes were at comparable levels of the previous peak of Q1 FY19. In his view, “Ashok Leyland’s Q1 performance has beaten all expectations, we have been able to post excellent results with focused market performance while reining in costs.”

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