Monday | Mar 17 2025 | 09:12:38 PM
Ashok Leyland, the flagship company of the Hinduja Group and a commercial vehicle manufacturer, has reported record financial results for Q3 FY25, driven by strong domestic and international demand.
Key Financial Highlights
Net Profit: Rs. 762 crore, a 31 per cent increase year-on-year.
EBITDA: Rs. 1,211 crore (12.8 per cent), marking the eighth consecutive quarter of double-digit EBITDA.
Revenue: Rs. 9,479 crore, surpassing Q3 FY24’s Rs. 9,273 crore.
Export Growth: 4,151 units shipped, a 33 per cent rise from 3,128 units in the same period last year.
Financial Strength: Turned cash positive with Rs. 958 crore net cash, reversing a net debt of Rs. 1,747 crore from Q3 FY24.
Market Performance & Innovations
Ashok Leyland maintained a market share of over 30 per cent in the domestic Medium and Heavy Commercial Vehicle (MHCV) segment and continued its leadership in the bus sector. The company expanded into the entry-level Light Commercial Vehicle (LCV) market with the launch of Saathi, targeting a previously unaddressed customer base.
Dheeraj Hinduja, Executive Chairman, Ashok Leyland, credited the company’s strong performance to product excellence and robust customer engagement. He highlighted continued investments in battery electric and alternate fuel technologies, reinforcing Ashok Leyland’s position as an industry leader.
Shenu Agarwal, Managing Director & CEO, emphasized the revival of the MHCV market in Q3 and anticipated further growth in Q4. He reaffirmed the company’s commitment to profitable growth through premium product offerings, cost leadership, expanded service reach, and value-added solutions.
At the Bharat Mobility Global Expo, Ashok Leyland introduced industry-first innovations, including an electric Port Terminal Tractor and India’s first 15-meter front-engine sleeper bus with 42 berths. Additionally, Switch Mobility showcased a 7.5T GVW concept electric truck, marking a significant milestone in the segment.
Future Outlook
With favorable macroeconomic conditions and a robust order book, Ashok Leyland remains optimistic about the commercial vehicle sector’s medium- and long-term growth. The company’s diversification into non-CV businesses further strengthens its growth trajectory, ensuring continued leadership in the evolving automotive landscape.
