India's Ashok Leyland falls after quarterly results, brokerages flag cost pressure

Ashok Leyland

29/05/2026 04:53

** Ashok Leyland ASOK.NS shares fall 0.7% to 162.49  rupees after gaining in six of the previous seven sessions
** Q4 profit rises 12.8%; revenue from operations up 18.9% from a year earlier 
** Declares dividend of 2.5 rupees/shr
** Ambit Capital says Q4 results were broadly in line,  with margin performance helped by value engineering and tighter  cost control despite persistent commodity pressure
** BOB Capital Research says commodity inflation and provisions weigh on cost structure 
** Emkay Global says two-wheeler and commercial vehicle demand will be stronger than passenger vehicle demand because many owners are due to replace aging vehicles, creating a demand upcycle
** Jefferies says outlook is clouded by rising fuel prices, and potential impact of higher inflation and weak monsoon on economy
** YTD, stock down 8.7% vs 8.5% decline in Nifty 50 Index .NSEI 

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))