India's Ashok Leyland posts record quarterly profit, revenue on strong vehicle demand

Tata Motors Passenger Vehicles

28/05/2026 12:55

    May 28 (Reuters) - India's Ashok Leyland ASOK.NS reported its highest ever quarterly profit on Thursday, helped by strong demand for commercial vehicles.
The Hinduja Group flagship reported standalone profit of 14.05 billion rupees ($146.8 million) in the three months ended March 31, up 13% from 12.46 billion rupees a year ago.    
Revenue from operations jumped about 19% to a record 141.6 billion rupees in the fourth quarter 
Auto sector demand, including for commercial vehicles, continued stayed strong on momentum from last year's tax cuts
Analysts, however, warned of margin pressures due to increased input costs amid the ongoing U.S.-Iran war.
Ashok Leyland's input costs soared 29%, driving up expenses by 19% 
"Our CV and export volumes were at an all-time high... the company delivered significant growth in power solutions, aftermarket and electric mobility businesses," Chairman Dheeraj Hinduja said. 
Earlier this month, rival Tata Motors TATM.NS flagged near-term cost pressures due to the ongoing war even as it reported a near 70% jump in fourth-quarter profit.

($1 = 95.6863 Indian rupees)

 (Reporting by Devika Nair in Bengaluru; Editing by Joyjeet Das)
 ((Devika.MadhusudhananNair@thomsonreuters.com;))