Ashok Leyland Limited has announced a record-breaking fiscal year 2026, achieving all-time high commercial vehicle (CV) volumes, revenue, profit, and cash surplus. The company reported a strong Q4 FY'26 performance, with domestic MHCV industry volumes up 21.5% year-on-year, and Ashok Leyland's domestic MHCV volume standing at 105,905 units for the full year, maintaining a market share of 30.2%. LCV volumes also hit a historic high for the year at 74,322 units, up 12% year-on-year. Export volumes reached a record 18,082 units, an 18.5% increase over the previous year. Financially, Q4 FY'26 revenue stood at ₹14,161 crore, a 19% year-on-year increase, with EBITDA at ₹2,066 crore, up 15.3%. Full-year revenue was ₹44,007 crore, up 13.6%. The company achieved an EBITDA margin of 14.6% for the quarter and 13% for the full year. Profit After Tax (PAT), excluding exceptional items, was ₹1,405 crore for Q4 and ₹3,914 crore for the full year. In recognition of this performance, the Board of Directors recommended a second interim dividend of ₹2.50 per share. The company also reported net cash of ₹5,899 crore at the end of the year. Key product launches included the HIPPO tractors and TAURUS tippers. The EV subsidiary, Switch Mobility India, achieved net profitability in FY'26, becoming a market leader in electric buses and 2-4 ton electric LCVs. Hinduja Leyland Finance (HLF) saw its Assets Under Management (AUM) grow by 24% to approximately ₹59,000 crore, with PAT at ₹491 crore. Looking ahead, management expressed cautious optimism for FY'27, acknowledging potential macroeconomic headwinds like global economic uncertainties and commodity price volatility, but citing strong underlying demand drivers and fleet replacement needs. The company plans capital expenditure of ₹750 crore to ₹1,000 crore for FY'27.
