| Revenue growth | FY26 revenue up 13.6% YoY; Q4 up 19% YoY. |
|---|---|
| Margins | FY26 EBITDA margin at 13%; Q4 at 14.6%. |
| Order book | Defense pipeline strongest ever at over ₹1,500cr; Switch India at 1,600 units. |
| Demand visibility | Strong, driven by replacement cycles and GST rate rationalization effects. |
| Management confidence | High; citing resilient baseline demand and strong fleet replacement plans. |
Growth
FY26 revenue grew 13.6% to ₹44,007cr. Q4 revenue rose 19% YoY to ₹14,161cr; PAT reached ₹1,405cr.
Outlook
FY27 capex planned at ₹750cr-₹1,000cr. Targeting battery production by Q2 FY27; defense order book exceeds ₹1,500cr.
Risks
Commodity cost inflation (steel), fuel price hikes, and global logistics issues impacting export timelines.
Last quarter's promises, checked
Delivered
- Targeting market share gains → MHCV share rose 60bps to 30.9% (= BEAT)
- Commitment to record Q3 financials → achieved all-time high revenue/EBITDA/PAT (= BEAT)
- Expand service reach → added 75 MHCV and 77 LCV touchpoints (= BEAT)
Partly delivered
- Guided capex for 9-month period → delivered ₹844cr vs ₹750-1000cr FY27 guidance (= PARTIAL)
Missed
- Targeting free cash flow positive Switch India by FY27 → current status not yet met (= MISS)
Earnings Call filed with BSE, NSE: ASHOKLEY. Summary written with AI assistance from the document.
Ashok Leyland Ltd: key numbers
- Share price
- ₹153.70
- Market cap
- ₹90,281 Cr
- Revenue (annual)
- ₹56,362 Cr
- Net profit (annual)
- ₹3,471 Cr
- P/E (TTM)
- 26.0×Sector 32.1×
- Promoter holding
- 51.51%+0.00% QoQ
- FII holding
- 20.67%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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