Commercial Vehicles company Ashok Leyland announced Q1FY26 results The Hinduja Group company reported a record Q1 with the highest-ever CV volumes of 44,238 units and the highest-ever Q1 revenue of Rs 8,725 crore. EBITDA and PAT, of Rs 970 crore (Q1FY25 Rs 911 crore) & Rs 594 crore (Q1FY25 Rs 526 crore) respectively. LCV domestic Q1 volume at 15,566 units was the highest ever for the quarter. The Export volume in Q1 grew 29% YoY at 3,011 units. EBITDA is up at 11.1% for Q1FY26 (at Rs 970crore) as against 10.6% (at Rs 911crore) in Q1FY25. The Company continues to be cash positive at the end of Q1FY26 at Rs 821 crore. Dheeraj Hinduja, Chairman, Ashok Leyland, said: "Ashak Leyland has delivered a robust Q1 performance, exceeding expectations through effective market execution while maintaining rigorous cost 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 the Defence business. Reinforcing our product superiority and strong customer orientation, we are sharpening our focus to play a 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." Result PDF
Conference Call with Max Healthcare Institute Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.