Ashok Leyland Q4 FY26 results (Jan–Mar 2026) and concall

Capital Goods · Concall AI · Call held 28 May 2026

Company page: Ashok Leyland share price, financials & guidance record

Ashok Leyland concluded FY26 with record-breaking performance across CV volumes, revenue, profit, and cash, driven by strong domestic demand and strategic product launches. Q4 FY26 continued this momentum with robust financial results and significant progress in its EV and financial services subsidiaries. While the company maintains cautious optimism for FY27, it acknowledges potential near-term margin pressures from commodity costs and diesel price fluctuations.

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What they filed

Q4 FY26: revenue up 17.4%, net profit up 10.8% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26
Revenue	11,148	11,995	14,696	11,709	12,577 +13%	14,830 +24%	17,246 +17%
Expenses	9,108	9,659	11,705	9,535	10,136	12,008	13,938
EBITDA	2,040	2,336	2,991	2,173	2,441 +20%	2,822 +21%	3,308 +11%
Margin	18%	19%	20%	19%	19%	19%	19%
Other income	245	75	22	103	103	-140	186
Interest	962	1,011	1,053	1,112	1,152	1,200	1,241
Depreciation	244	268	340	273	268	282	314
Profit before tax	1,078	1,132	1,621	891	1,124 +4%	1,200 +6%	1,940 +20%
Tax rate	29%	28%	23%	26%	27%	28%	29%
Net profit	767	820	1,246	658	820 +7%	862 +5%	1,381 +11%
EPS	1.20	1.30	1.92	1.04	1.29	1.38	2.20

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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