Ashok Leyland, India's leading commercial vehicle manufacturer, reported a robust financial performance for the fourth quarter ended March 31, 2026. The company's net profit saw a significant 13% year-on-year increase, climbing to ₹1,404.72 crore, up from ₹1,245.87 crore in the corresponding period last year.
Revenue for the quarter also demonstrated strong growth, reaching ₹14,160.49 crore compared to ₹11,906.71 crore in the same quarter of the previous fiscal year. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) rose by 15% to ₹2,066 crore, against ₹1,791 crore reported a year ago.
Interim Dividend Declared
The board of Ashok Leyland has announced a second interim dividend of ₹2.50 per equity share (of Re 1 each) for the financial year concluded on March 31, 2026. This dividend, combined with the interim dividend previously declared and paid in Q3, brings the total dividend for FY 2025-26 to ₹3.50 per share. The company confirmed that this will be the final dividend for the fiscal year, with no further final dividend to be declared.
Shareholders eligible to receive this second interim dividend will be determined based on the record date of Wednesday, June 3, 2026. The payment is scheduled to be disbursed on or before June 26, 2026.
Management Optimistic on Growth and Diversification
Commenting on the results, Dheeraj Hinduja, Chairman of Ashok Leyland Limited, highlighted the company's exceptional performance across various segments. "Our commercial vehicle and export volumes were at an all-time high, with Ashok Leyland delivering significant growth in Power Solutions, Aftermarket, and Electric Mobility businesses," Hinduja stated. He also noted a record-high defence order pipeline, signaling sustained growth prospects, and emphasized the strategic entry into Indonesia to boost global market ambitions.
"The record financial performance is backed by relentless innovation, unwavering focus on customer satisfaction, and ability to accelerate our ambition in global markets," Hinduja added, expressing confidence in the company's position to maintain profitable growth and create long-term value.
Shenu Agarwal, Managing Director & CEO, attributed the strong margin expansion in FY26 to the success of Ashok Leyland's premiumization strategy, operational resilience, and the expanding strength of its diversified business portfolio. "A record cash surplus of nearly ₹6,000 crore provides us with significant firepower for enhanced investments in products, technology, and future-ready solutions, while continuing to elevate customer experience," Agarwal remarked, reinforcing the company's commitment to innovation and customer satisfaction.