Ashok Leyland Q2 Results showed a strong 37% on-year growth in net profit, reaching ₹770 crore for Q2 FY25, up from ₹561 crore in the same period last year. This robust performance was driven by the company’s strong technological and cost leadership and improved profitability in both domestic and international markets.
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The company reported a 9% decline in revenue from operations, amounting to ₹8,769 crore for Q2 FY25, compared to ₹9,638 crore in Q2 FY24. Despite the drop in revenue, the company’s focus on products and addressing cost compression opportunities significantly improved its profitability.
The company also declared an interim dividend of ₹2 per share, reflecting confidence in its fiscal performance and a positive outlook for the second half of the year.
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Performance Highlights:
- Ashok Leyland’s EBITDA for the quarter was ₹1,017 crore, representing an 11.6% increase compared to ₹1,080 crore in Q2 FY24.
- The company maintained its Domestic MHCV market share at over 31%, with leadership in the bus segment.
- LCV market share in domestic addressable segments also grew in the first half of the year.
Shenu Agarwal, MD & CEO, emphasized the company’s focus on improving profitability and elevating customer service standards, leading to an all-time high PAT for Q2 FY25. He also stated that Ashok Leyland is on track to achieve mid-teen EBITDA in the medium term.