Ashok Leyland Limited — Investor Meet, 21-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Ashok Leyland rocked Q1 FY'26! Record revenue (Rs. 8,725 Cr, up 1.5%), EBITDA (Rs. 970 Cr, up 6.4%), and PAT (Rs. 594 Cr, up 13%). Margins improved to 11.1%. Cash positive by Rs. 800 Cr, a big swing from last year's debt.

Market share gained in MHCV & LCV. Exports jumped 29%. Non-CV businesses also grew nicely. New high-power trucks, LNG vehicles, and buses are coming. Strong defense order book (Rs. 1,000 Cr+) signals double-digit revenue growth ahead. Switch India hit PBT breakeven; OHM expanding its e-bus fleet. HLF (finco) greenlit for listing! Management sees better H2 driven by new products & market recovery. Bullish tone.