Ashok Leyland Ltd Share Price – NSE /  BSE

Automobile, Mid Cap

The company?s total domestic sales jumped 32% year-on-year to 16,491 units in November 2025.

Domestic sales of medium and heavy commercial vehicles (M&HCV) increased 29% to 10,238 units, while light commercial vehicle (LCV) sales grew 37% to 6,253 units in November 2025 compared to the same month last year.

Ashok Leyland is engaged in the manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings, and castings.

Ashok Leyland reported a marginal rise in standalone net profit to Rs 771.06 crore in Q2 FY26, compared to Rs 770.10 crore posted in Q2 FY25. Revenue from operations jumped 9.34% year-on-year (YoY) to Rs 9,588.18 crore for the quarter ended 30 September 2025.

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Ashok Leyland Ltd rose for a third straight session today. The stock is quoting at Rs 158.11, up 6.15% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.18% on the day, quoting at 26251.5. The Sensex is at 85859.63, up 0.29%. Ashok Leyland Ltd has added around 12.86% in last one month.

Meanwhile, Nifty Auto index of which Ashok Leyland Ltd is a constituent, has added around 1.84% in last one month and is currently quoting at 27696.4, down 0.17% on the day. The volume in the stock stood at 484.71 lakh shares today, compared to the daily average of 156.92 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 156.81, up 4.51% on the day. Ashok Leyland Ltd is up 36.55% in last one year as compared to a 9.77% gain in NIFTY and a 19.51% gain in the Nifty Auto index.

The PE of the stock is 25.64 based on TTM earnings ending September 25.

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Net profit of Ashok Leyland rose 7.10% to Rs 755.77 crore in the quarter ended September 2025 as against Rs 705.64 crore during the previous quarter ended September 2024. Sales rose 12.73% to Rs 12518.45 crore in the quarter ended September 2025 as against Rs 11104.95 crore during the previous quarter ended September 2024.

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Revenue from operations jumped 9.34% year-on-year (YoY) to Rs 9,588.18 crore for the quarter ended 30 September 2025.

The company?s profit before exceptional items and tax stood at Rs 1,082.66 crore in Q2 FY26, up 23.24% from Rs 878.45 crore reported in Q2 FY25. The firm reported an exceptional loss of Rs 40 crore in the quarter.

EBITDA rose 14.25% YoY to Rs 1,162 crore in Q2 FY26, while the EBITDA margin improved to 12.1% in Q2 FY26 from 11.6% in Q2 FY25.

The company stated that both the Medium and Heavy Commercial Vehicle (MHCV) and Light Commercial Vehicle (LCV) segments witnessed positive growth in Q2. Ashok Leyland?s MHCV volumes rose 3% (from 25,542 to 26,307 units), while LCV volumes increased 6% (from 16,629 to 17,697 units) on a YoY basis. The bus segment continued its strong performance, growing for the 18th consecutive quarter.

Ashok Leyland?s domestic MHCV market share remained above 30% and the company maintained its market leadership in the bus segment. Its LCV domestic market share in addressable segments also improved.

Export volumes for the quarter stood at 4,784 units, marking a robust 45% YoY growth. The Defence, Power Solutions, and Aftermarket businesses continued to perform well and are expected to post healthy growth in the current fiscal. The company also expanded its product portfolio in Q2 by launching new offerings in the tipper, bus, haulage, and LCV segments. Expansion of the distribution network is progressing ahead of plan.

Dheeraj Hinduja, chairman, Ashok Leyland, said, ?We continue to deliver profitable growth, driven by continuing demand. Our robust all-round performance symbolizes the competitiveness of our products and strong customer focus. In the International business we are intensifying our expansion strategy in our focus markets of Middle East, Africa and SAARC. Switch Mobility is performing well with an order book of nearly 1500 vehicles.?

Shenu Agarwal, Managing Director & CEO, Ashok Leyland, added, ?We continue to see stable demand in all segments of trucks and buses. The industry has posted growth, albeit modest, and we are anticipating to witness better growth in the second half. Ashok Leyland has achieved its eleventh consecutive quarter of double-digit EBITDA. Our focus on profitability is reflected in record PAT for Q2 FY26 and higher EBITDA margins, both sequentially and year-on-year. Margin expansion is being driven by product premiumization, network growth, operational efficiency, cost optimization, and digital enablement. We believe we are well positioned to achieve our mid-teen EBITDA goal in the medium term. We remain cash positive.

Meanwhile, the company?s board has declared an interim dividend of Rs 1 per equity share for the financial year ending 2025-26. The dividend will be paid on or before 11 December 2025.

Ashok Leyland is engaged in the manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings, and castings.

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