Ashok Leyland Share Price in Focus; Net Profit Jumps 31% YoY in Q3 FY25

Ashok Leyland posted their financial results for the quarter ended December 31, 2024.

On February 13, 2025, Ashok Leyland share price (NSE: ASHOKLEY) opened at ₹220.60, slightly up from its previous close of ₹219.35. At 9:54 AM, the share price of Ashok Leyland was trading at ₹222.05, up by 1.23% on the NSE.

Q3 FY 2025 Financial Highlights

The company reported an all-time high Q3 net profit of ₹762 crore, reflecting a 31% year-on-year (YoY) increase. EBITDA for the quarter stood at ₹1,211 crore, with a 12.8% margin, marking the eighth consecutive quarter of double-digit EBITDA performance. Additionally, revenues reached ₹9,479 crore, surpassing the previous year’s Q3 revenue of ₹9,273 crore.

The company’s export business also showed growth, with export volumes rising 33% YoY to 4,151 units, compared to 3,128 units in Q3 FY24.

A key financial milestone for Ashok Leyland was turning cash positive at the end of the quarter, achieving a net cash position of ₹958 crore, a sharp turnaround from the net debt of ₹1,747 crore at the end of Q3 FY24.

In terms of market leadership, Ashok Leyland stated that it maintained over 30% market share in the domestic MHCV segment and retained its top position in the Bus segment. The company also expanded its product portfolio with the launch of SAATHI, an entry-level light commercial vehicle (LCV), tapping into a new customer segment.

At the Bharat Mobility Global Expo, Ashok Leyland introduced an industry-first electric Port Terminal Tractor and India’s first 15-meter front-engine sleeper bus. Switch Mobility, its EV arm, showcased a concept electric truck in the 7.5T GVW range, further strengthening its commitment to sustainable mobility. The Defence, Power Solutions, and Aftermarket Businesses also continued their strong performance.

New Products in Line

Commenting on the performance, the Executive Chairman of Ashok Leyland, Mr Dheeraj Hinduja, said, “The steady progress we are making in profitability is backed by products that deliver superior performance coupled with robust customer engagement. Sales in international markets are showing strong growth, and we expect this momentum to accelerate with the launch of new products.”

He further added, “I compliment the management and all our team for delivering a record-breaking Q3 for the second year in a row. We are also continuing to invest in battery electric and alternate fuel products to maintain our technology leadership position. Switch has a healthy order book and has plans to come out with a series of products in the next 12 months.”

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