ALFA Finder| Margins | EBITDA margin 10.1%; commodity headwinds expected to peak in Q2. |
|---|---|
| Order book | Switch Mobility has healthy order book of 2,100 e-buses. |
| Demand visibility | Strong momentum in June/July; positive sentiment for Q2. |
Growth
Q1 revenue rose 10% YoY to INR 9,634 crores; MHCV truck volume grew 15%; LCV offtake grew 21%.
Outlook
Capex planned at INR 900-1,000 crores for new technologies; expects high single-digit industry growth for FY27.
Risks
Elevated commodity prices and supply chain disruptions are impacting gross margins; GCC exports face logistical challenges.
Last quarter's promises, checked
Delivered
- Guided Switch India profitability → achieved net profitability in FY26 (= BEAT)
- Guided record LCV volumes → achieved highest ever 74,322 units (= BEAT)
- Guided teen EBITDA bracket → achieved 13% for full year (= BEAT)
Partly delivered
- Guided INR 1,000cr FY26 Capex → delivered INR 1,050cr (= PARTIAL)
- Guided 1% price hike recovery → recovered 1% but margins hit by 80bps material cost rise (= PARTIAL)
Missed
- Guided Q1 export normalization → volumes marginally lower due to logistics (= MISS)
Investor Presentation filed with NSE, NSE: ASHOKLEY. Summary written with AI assistance from the document.
Ashok Leyland Ltd: key numbers
- Share price
- ₹169.20
- Market cap
- ₹99,386 Cr
- Revenue (annual)
- ₹56,362 Cr
- Net profit (annual)
- ₹3,471 Cr
- P/E (TTM)
- 28.6×Sector 33.1×
- 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