Ashok Leyland Ltd Share Price – NSE  / BSE

Automobile, Mid Cap

Ashok Leyland sold 25,381 vehicles in month of March 2026 compared to 24,060 units in March 2025, recording a growth of 5%. Total sales include domestic sales of 23,743 units (up 5% YoY).

Total medium & heavy commercial vehicle (M&HCV) sales jumped 3% YoY to 17,518 units in March 2026, while light commercial vehicle (LCV) sales climbed 12% YoY to 7,863 units in March 2026.

In the domestic market, total vehicle sales increased 5% to 23,743 units in March 2026 compared with 22,510 units in March 2025. Total medium & heavy commercial vehicle sales rose 1% YoY to 16,238 units in March 2026.

Ashok Leyland is involved in the manufacture and sale of a broad range of commercial vehicles and also makes engines for industrial and marine applications, as well as forgings and castings.

The company?s consolidated net profit increased 6.8% YoY to Rs 813.49 crore in Q3 FY26 compared with Rs 761.92 crore in Q3 FY25. Net sales jumped 23.6% to Rs 14,761.95 crore in the quarter ended 31st December 2025.

The scrip fell 1.30% to Rs 152.15 on the BSE.

Optare Plc is engaged in the manufacture and sale of buses and commercial vehicles and serves as the holding company for the group?s electric vehicle initiatives, including Switch Mobility in the UK and Switch Mobility Automotive. Incorporated on 23 January 2008, Optare reported a consolidated turnover of Rs 1,232.59 crore in FY 2024?25.

The proposed investment is primarily aimed at loan repayment and meeting other business requirements. The total cost of acquisition will not exceed GBP 30 million and will be made on a cash basis. Ashok Leyland currently holds a 93% stake in Optare Plc, which is expected to increase marginally to 93.28% following the allotment.

The transaction is expected to be completed by March 31, 2026. The company stated that Hinduja Automotive, part of the promoter group, holds a 6.52% stake in Optare Plc. The investment is being undertaken at arm?s length, based on a valuation report from an independent valuer.

Ashok Leyland is involved in the manufacture and sale of a broad range of commercial vehicles and also makes engines for industrial and marine applications, as well as forgings and castings.

The company?s consolidated net profit increased 6.8% YoY to Rs 813.49 crore in Q3 FY26 compared with Rs 761.92 crore in Q3 FY25. Net sales jumped 23.6% to Rs 14,761.95 crore in the quarter ended 31st December 2025.

The counter fell 2.34% to Rs 164.95 on the BSE.

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Ashok Leyland Ltd is up for a third straight session in a row. The stock is quoting at Rs 178.8, up 1.53% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.87% on the day, quoting at 23785.75. The Sensex is at 76784.54, up 0.94%. Ashok Leyland Ltd has dropped around 12.13% in last one month.

Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has dropped around 7.76% in last one month and is currently quoting at 25117.1, up 1.86% on the day. The volume in the stock stood at 64.73 lakh shares today, compared to the daily average of 194.97 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 178.27, up 1.07% on the day. Ashok Leyland Ltd is up 73.85% in last one year as compared to a 3.83% spurt in NIFTY and a 20% spurt in the Nifty Auto index.

The PE of the stock is 28.13 based on TTM earnings ending December 25.

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