Commercial Vehicles company Ashok Leyland announced Q2FY25 results Profit After Tax (PAT) of Rs 770 crore for the quarter, growing at 37% over Q2FY24. EBITDA for the quarter was up at 11.6% (Rs 1017 crore) as against 11.2% (Rs 1080 crore) in Q2FY24. Dheeraj Hinduja, Executive Chairman, Ashok Leyland, said: 'The Indian Economy is expected to do well in the second half which would benefit our industry. We remain optimistic about industry prospects for H2 on back of strong macroeconomic fundamentals, supported by resumption of Government spending in Capex and good monsoons. Our robust all-round performance in Q2 is backed by our technologicol and cost leadership. Internationally as well, we are intensifying our expansion strategy in our focus markets of SAARC, Middle East, Africa and Asia, aimed at posting the best performance ever during this fiscal. We continue to invest in new products with alternative fuels. Switch is doing well with an order book of nearly 2000 buses. II Shenu Agarwal, MD & CEO, Ashok Leyland, said: "Our focus on profitability continues. We are happy that we could improve our profitability by focusing on premiumization of our products, addressing cost compression opportunities, and continuously elevating our standards of customer service. Our PAT for Q2FY25 is an all-time high. Our EBITDA margins have improved both sequentially and on YaY basis, making this the seventh consecutive quarter of double-digit EBITDA. We are well on track to achieve mid-teen EBITDA in the medium term." Result PDF