ALFA Finder| Revenue growth | FY26 revenue up 13.6% YoY; Q4 up 19% YoY. |
|---|---|
| Margins | FY26 EBITDA margin at 13%; Q4 at 14.6%. |
| Order book | Defense pipeline strongest ever at over ₹1,500cr; Switch India at 1,600 units. |
| Demand visibility | Strong, driven by replacement cycles and GST rate rationalization effects. |
| Management confidence | High; citing resilient baseline demand and strong fleet replacement plans. |
Growth
FY26 revenue grew 13.6% to ₹44,007cr. Q4 revenue rose 19% YoY to ₹14,161cr; PAT reached ₹1,405cr.
Outlook
FY27 capex planned at ₹750cr-₹1,000cr. Targeting battery production by Q2 FY27; defense order book exceeds ₹1,500cr.
Risks
Commodity cost inflation (steel), fuel price hikes, and global logistics issues impacting export timelines.
Last quarter's promises, checked
Delivered
- Targeting market share gains → MHCV share rose 60bps to 30.9% (= BEAT)
- Commitment to record Q3 financials → achieved all-time high revenue/EBITDA/PAT (= BEAT)
- Expand service reach → added 75 MHCV and 77 LCV touchpoints (= BEAT)
Partly delivered
- Guided capex for 9-month period → delivered ₹844cr vs ₹750-1000cr FY27 guidance (= PARTIAL)
Missed
- Targeting free cash flow positive Switch India by FY27 → current status not yet met (= MISS)
Earnings Call filed with BSE, NSE: ASHOKLEY. Summary written with AI assistance from the document.
Ashok Leyland Ltd: key numbers
- Share price
- ₹174.70
- Market cap
- ₹1,02,616 Cr
- Revenue (annual)
- ₹56,362 Cr
- Net profit (annual)
- ₹3,471 Cr
- P/E (TTM)
- 29.5×Sector 32.5×
- Promoter holding
- 51.51%+0.00% QoQ
- FII holding
- 19.89%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Ashok Leyland Ltd
All →Ashok Leyland Acquisition
Ashok Leyland announced NCLT Mumbai sanctioned the merger of its material subsidiary Hinduja Leyland Finance into NDL Ventures on November 3, 2026. NDL becomes the material listed subsidiary once the scheme takes effect.
Ashok Leyland Board Meeting Date
Ashok Leyland will hold a board meeting on 14 November 2026 to approve unaudited quarterly and half-year results. The trading window closes from 01 October 2026.
Ashok Leyland Business Update
Ashok Leyland reported October 2026 total vehicle sales of 21,888 units including exports, up 23% year-on-year. Domestic sales rose 24% to 20,224 units.
Ashok Leyland Management Change
Ashok Leyland announced the resignation of Mr. Raja Radhakrishnan, Head - Special Projects, from the position of Senior Management Personnel, effective October 21, 2026.
Ashok Leyland Other Announcement
Ashok Leyland Ltd has submitted its quarterly shareholding pattern for the period ended September 30, 2026, in compliance with SEBI LODR regulations.
Ashok Leyland Debt & Borrowing: ₹500 Cr
Ashok Leyland submitted its half-yearly statement of outstanding non-convertible debentures as of September 30, 2026, as required by SEBI regulations.
- Value
- ₹500.0 Cr