Concalls & earnings callsAshok Leyland Limited

Every summarised call, newest first. Latest is Q1 FY27, held 14 Aug 2026.

Latest quarter

Q1 FY27 snapshot

Ashok Leyland posted record Q1 volumes and revenue despite industry headwinds, but flat EBITDA margins reflect significant pressure from rising commodity costs which management expects to persist into Q2.

Metric	This quarter	Change
Revenue	₹9,634 Cr	10%
EBITDA	₹970 Cr	0%
EBITDA Margin	10.1%	-100 bps
PBT	₹830 Cr	4%

Latest guidance

Commodity cost pressures are expected to be higher in Q2 than Q1, with respite likely only from Q3 and a turnaround in Q4.
Price increases of over 1% for MHCV and over 2% for LCV were taken in July, with more under consideration before Q2 ends.
MHCV industry growth is expected to be high single-digit for FY27, with LCV outlook slightly better.
Capex, focused on new products and future tech, will continue to increase over the next 2-3 years from the recent ~INR900-1,000 crore annual run rate.

Said on the Q1 FY27 call.

Filed results

Reported quarterly history

From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.

Quarter	Revenue	Net profit (PAT)	Basic EPS
Q3 FY25	₹11,995.21 Cr+8.1% YoY+7.6% QoQ	₹819.67 Cr+34.6% YoY+6.9% QoQ	₹2.59+35.6% YoY+7.9% QoQ
Q2 FY25	₹11,147.58 Cr-2.5% YoY+3.9% QoQ	₹766.55 Cr+34.6% YoY+39.2% QoQ	₹2.40+34.1% YoY+38.7% QoQ
Q1 FY25	₹10,724.49 Cr+10.7% YoY-21% QoQ	₹550.65 Cr-5.8% YoY-41% QoQ	₹1.73-6.5% YoY-40.5% QoQ
Q4 FY24	₹13,577.58 Cr+2.8% YoY+22.4% QoQ	₹933.69 Cr+16.3% YoY+53.4% QoQ	₹2.91+13.7% YoY+52.4% QoQ
Q3 FY24	₹11,092.70 Cr+6.7% YoY-2.9% QoQ	₹608.85 Cr+73.4% YoY+6.9% QoQ	₹1.91+75.2% YoY+6.7% QoQ

Call history

14 Aug 2026
Q1 FY27Cautious tone
Ashok Leyland posted record Q1 volumes and revenue despite industry headwinds, but flat EBITDA margins reflect significant pressure from rising commodity costs which management expects to persist into Q2.
Revenue
₹9,634 Cr10%
EBITDA
₹970 Cr0%
AutomobilesVerified brief4 guidance items