On March 26, 2025, the commercial vehicle manufacturer Ashok Leyland, through an exchange filing, denied reports that it is in talks to acquire a controlling stake in SML Isuzu Ltd. At the end of the trading session, Ashok Leyland share price closed at ₹214.95 with a gain of 2.45% on BSE.
“This is with respect to recent news articles in media, generally stating that Ashok Leyland Limited might be close to acquiring the promoter’s stake in SML Isuzu and that the negotiations are at an advanced stage between the company and Japan’s Sumitomo Corporation, who is the promoter of SML Isuzu. Similar reports have been published in various mainstream media outlets.”
The company said in an exchange filing, “Ashok Leyland would like to outrightly deny this news as factually incorrect,”.
In Feb 2025, the company secured a ₹297.85 crore order from Tamil Nadu State Transport Corporation. Ashok Leyland will deliver state of the art BS VI Diesel Fuel Type 12-meter ultra-low entry rear engine fully built buses for city operations featuring the advanced iGen 6 BS VI technology with a robust H-Series engine rated at 184 kW (246 hp) equipped with Front and Rear Air Suspension.
In Q3 FY25, the company continued to strengthen its position in the market. Its net profit increased by 31% year-over-year (YOY). The EBITDA margin improved to 12.8%, up from 11.6% in Q2 of the current fiscal year and 12.0% in the same period last year. The MHCV industry, which had experienced a slowdown in Q2, rebounded in Q3, driven by a rise in consumption demand during the festive season and a better flow of government capital expenditure (CAPEX) in the second half of the quarter.
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Published on: Mar 26, 2025, 6:15 PM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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