Ashok Leyland has announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board of Directors has approved these results and declared an interim dividend of ₹1 per equity share of face value ₹1 each for the financial year ending March 31, 2027. The company also reported a robust Q2 performance with strong growth in commercial vehicle volumes, revenue, and profits.
Ashok Leyland Approves Financial Results and Declares Interim Dividend
Ashok Leyland has announced the outcome of its Board of Directors meeting held on November 14, 2026. The Board has approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Following this approval, the company has also declared an interim dividend of ₹1 per equity share with a face value of ₹1 each. This dividend is for the financial year ending March 31, 2027, and is expected to be paid on or before December 13, 2026. The record date for determining eligibility for this dividend is November 20, 2026.
Robust Q2 Performance Highlights
The press release accompanying the financial results highlights a strong performance for the second quarter. Ashok Leyland achieved record highs in commercial vehicle (CV) volumes, revenue, and profits. CV volumes surged by 32% year-on-year to 64,677 units, contributing to a revenue growth of an impressive 39%, reaching ₹13,364 crore. Profit Before Tax (PBT) saw a 14% increase, reaching ₹1,187 crore, while Profit After Tax (PAT) grew by 13% to ₹869 crore.
Segment Performance and Market Share
The company reported significant growth in both the Medium and Heavy Commercial Vehicle (MHCV) and Light Commercial Vehicle (LCV) segments. In the MHCV segment, Ashok Leyland outperformed the industry with a 44% year-on-year volume growth. The domestic MHCV truck volumes surged by 48%, significantly outpacing the industry growth of 41%. The domestic truck market share increased to 31.5%. The LCV business saw a year-on-year gain of 0.3% in VAHAN market share, reaching 13.6%. Export volumes also saw a 7% year-on-year increase.
Financial Position and Outlook
The company ended the quarter with a net cash of ₹3,546 crore, a substantial increase from ₹990 crore in the same period last year. Management expressed confidence in sustaining profitable growth, driven by a strong balance sheet, competitive product portfolio, and continued investment in innovative product platforms and technologies.
Source: BSE
