Ashok Leyland Shares Price Rise Nearly 5% After Strong Q2 FY26 Earnings; Revenue Up 12.9% YoY

New Delhi, November 13, 2025: Ashok Leyland shares gained sharply on Thursday morning following the company’s robust Q2 FY26 results announced yesterday. As of 11:15 AM, the share price of Ashok Leyland was trading at ₹149.39, up 4.67% from the previous close of ₹142.53, driven by a healthy year-on-year revenue growth of 12.9% and steady performance across key segments. The share opened at ₹144.86 and hit an intraday high of ₹150.49, surpassing its 52-week high of ₹147.60. The company’s market capitalization stands at ₹83,720 crore, with a price-to-earnings (P/E) ratio of 25.70.

Furthermore, investor sentiment received an additional boost as the company’s board recommended an interim dividend of ₹1 per share, signalling confidence in its strong financial outlook and ongoing performance improvement. The robust demand for Ashok Leyland shares reflects market confidence in the company’s steady growth trajectory and improving margins following the Q2 FY26 results announced yesterday.

Q2 FY26 Consolidated Performance

Ashok Leyland showed stable performance in Q2 FY26, with consolidated net profits up to ₹820 crore, an increase of 7% year-on-year. Revenue reached ₹12,577 crore, up 12.9% YoY, driven by strong production and sales across its heavy and light commercial vehicle segments. Standalone net profit remained steady at ₹771 crore, reflecting consistent operational performance.

Operational Highlights

In Q2 FY26, Ashok Leyland sustained good momentum operationally, with MHCV volume growth of 3% to 26,307 units and an increase of 6% in LCV sales to 17,697 units. Exports surged by 45% to 4,784 units, driven by strong demand and positive momentum across both domestic and international markets.

Management’s Outlook

The Chairman of the company, Mr. Dheeraj Hinduja, stated that the business still delivers profitable growth, backed by strong demand and competitive products. He emphasized ongoing efforts to expand into key international markets, including the Middle East, Africa, and the SAARC region. Also, Shenu Agarwal, MD and CEO of the company, mentioned that the demand is stable across trucks and buses and that the business expects growth in industry improvement in the second half of FY26. He noted margin gains attributed to premiumization of products, network expansions, operational efficiencies, and digital enablement.

REF: https://nsearchives.nseindia.com/corporate/ASHOKLEY_12112025140059_ALOutcomeofBMNov122025final.pdf

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