Ashok Leyland reported a 13% rise in standalone net profit to ₹869 crore for the second quarter of FY27. Revenue grew to ₹13,308 crore as vehicle sales jumped. Managing director Shenu Agarwal said, "Our record Q2 performance, coupled with market share gains, reflects our consistent focus on profitable growth."

Commercial vehicle major Ashok Leyland reported a 13% year-on-year (y-o-y) rise in standalone net profit to ₹869 crore in the second quarter of FY27, driven by a 40% growth in revenue from core vehicle sales.

Standalone revenue from operations of the Hinduja Group flagship rose to ₹13,308 crore, compared with ₹9,538 crore in the corresponding quarter last year. Total expenses surged 42% y-o-y to ₹12,242 crore, primarily due to higher raw material costs, which jumped 47% to ₹9,105 crore during the quarter.

Commercial vehicle (CV) volumes increased 32% to 64,677 units, compared with 49,116 units in the year-ago period. The company outperformed the industry in the medium and heavy commercial vehicle (MHCV) segment, with volumes rising 44% y-o-y to 37,958 units from 26,307 units, against industry growth of 39%. In the light commercial vehicle (LCV) segment, volumes grew 21% to 21,371 units from 17,697 units. Export volumes stood at 5,102 units, registering a 7% y-o-y increase.

"We are encouraged by the promising performance of our international business and continue to strengthen our presence in key export markets. Switch Mobility is also progressing well, with a strong outlook for the electric mobility business," Dheeraj Hinduja, chairman, Ashok Leyland, said in the earnings release.

Ebitda rose to ₹1,350 crore from around ₹1,162 crore in the corresponding quarter last year. However, the Ebitda margin declined to 10.1% from 12.1% due to raw material price increases.

"Our record Q2 performance, coupled with market share gains and fifteen consecutive quarters of double -digit Ebitda margins, reflects our consistent focus on profitable growth," Shenu Agarwal, managing director & CEO, Ashok Leyland, said.

Ashok Leyland's domestic truck market share, excluding the defence segment, improved 1.5 percentage points to 31.5% during the quarter. The company ended the quarter with net cash of ₹3, 546 crore as against ₹990 crore in the same period last year.

The company declared an interim dividend of ₹1 per equity share of ₹1 each for FY27. The dividend will be paid on or before December 13, 2026.