Commercial Vehicles company Ashok Leyland announced Q3FY25 results Achieved an all-time high Q3 net profit of Rs 762 crore, an increase of 31% over Q3FY24. Reported all time high Q3 EBITDA of Rs 1211 crore (12.8%) vis-a-vis Rs 1114 crore (12.0%) in Q3FY24, registering double-digit percentage EBITDA for the 8th consecutive quarter. Recorded all time high Q3 revenues of Rs 9,479 crore vis a vis Rs 9,273 crore in Q3FY24. Achieved export volume of 4,151 units in Q3 FY2s against 3,128 units in the same period last year, registering a growth of 33%. Turned cash positive at end ofthe quarter with a net cash of Rs . 958 crore as against net debt of Rs 1747 crore at end of Q3FY24. Dheeraj Hinduja, Executive Chairman, Ashok Leyland, said: "The steady progress we are making in profitability is backed by products that deliver superior performance coupled with robust customer engagement. Sales in international markets are showing strong growth, and we expect this momentum to accelerote with the launch of new products. I compliment the management and all our team for delivering a record breaking Q3 for the second year in a row. We are also continuing to invest in battery electric and alternate fuel products to maintain our technology leadership position. Switch has a healthy order book and has plans to come out with a series of products in the next 12 months." Shenu Agarwall Managing Director & CEDI Ashok Leyland, said: "Relative to Q2, the MHCV market has revived significantly in Q3, and is expected to improve further as we enter the last quarter. Our focus remains on profitable growth through product premiumization, cost leadership, better service reach and enhanced value-added services. Non-CV businesses have done well and offer more headroom for growth. We remain optimistic about the growth of the CV industry in the medium and long term as macroeconomic factors continue to be favorable. /I Result PDF