Ashok Leyland, the flagship company of the Hinduja Group and one of India’s leading commercial vehicle manufacturers, has reported its strongest-ever Q3 performance. The company recorded an all-time high net profit of ₹762 crore, reflecting a 31% increase year-on-year.
The company’s EBITDA for the quarter stood at ₹1,211 crore, with an EBITDA margin of 12.8%, improving from 12% in the same quarter last year. Revenue for Q3 FY25 also reached an all-time high of ₹9,479 crore, compared to ₹9,273 crore in Q3 FY24.
Ashok Leyland also witnessed a significant 33% growth in exports, with 4,151 units shipped in Q3 FY25 compared to 3,128 units in the same period last year. Additionally, the company turned cash positive at the end of the quarter with a net cash balance of ₹958 crore, significantly improving from a net debt of ₹1,747 crore in Q3 FY24.
Ashok Leyland’s domestic medium and heavy commercial vehicle (MHCV) market share remains over 30%, with continued leadership in the bus segment. The company also introduced SAATHI, a new entry-level LCV segment, aiming to expand into untapped markets.
Commenting on the performance, Dheeraj Hinduja, Executive Chairman, highlighted that the company’s profitability is backed by superior products and strong customer engagement. He stated that growing international sales and the launch of new products have contributed to the record-breaking results.
Shenu Agarwal, MD & CEO, noted that the MHCV market showed significant recovery in Q3 and is expected to improve further in the coming quarters. He emphasized the company’s focus on product premiumization, cost leadership, and expanded service reach.
Looking ahead, Ashok Leyland continues to invest in battery-electric and alternate fuel products, maintaining its commitment to technological leadership and sustainable growth.
