Ashok leyland’s Q2 Net Profit up 37%, EBITDA up at 11.6% Announces Interim Dividend of Rs.2/- per share

Bengaluru: Ashok Leyland, the Indian flagship of the Hinduja Group, reported a Profit After Tax (PAT) of Rs. 770 Cr for the quarter, growing at 37% over the same period last year. EBITDA for the quarter was up at 11.6% (Rs. 1017 Cr) as against 11.2% (Rs. 1080 Cr) in the corresponding period last year.

Ashok Leyland’s Domestic MHCV market share continues to be over 31%. The Company maintained market leadership in the Bus segment. The LCV domestic market share in the addressable segments has also gained in the first half of the year.

MHCV domestic sales volume was at 25,685 vis-a-vis 29,947 in Q2 FY’24. LCV volume was at 16,629 vis-a-vis 16,998 in Q21ast year.Export volumes for the quarter at 3310 nos. was higher by 14%. Defence, Power Solutions and Aftermarket Businesses continue to perform well and are expected to post good growth in the current fiscal. The Company continued to expand its innovative product offerings in Q2 by launching new products in Tipper, Bus, Haulage and LCV segments. The focus on expansion of distribution network also continued.

Mr. Dheeraj Hinduja, Executive Chairman, Ashok Leyland, said “The Indian Economy is expected to do well in the second half which would benefit our industry. We remain optimistic about industry prospects for H2 on back of strong macroeconomic fundamentals, supported by resumption of Government spending in Capex and good monsoons. Our robust all-round performance in Q2 is backed by our technological and cost leadership. Internationally as well, we are intensifying our expansion strategy in our focus markets of SAARC, Middle East, Africa and Asia, aimed at posting the best performance ever during this fiscal. We continue to invest in new products with alternative fuels. Switch is doing well with an order book of nearly 2000 buses.

” Mr. Shenu Agarwal, MD & CEO, Ashok Leyland, added, “Our focus on profitability continues. We are happy that we could improve our profitability by focusing on premiumization of our products, addressing cost compression opportunities, and continuously elevating our standards of customer service. Our PAT for Q2FY25 is an all-time high. Our EBITDA margins have improved both sequentially and on YoY basis, making this the seventh consecutive quarter of double-digit EBITDA. We are well on track to achieve mid-teen EBITDA in the medium term.

” Heglstered Office: Ashok Levland Unllted. No. l . Sardar Patel Road. Gulndv. Chennal · 600032. Tel.: 91 44 22206000 E-mail: reachu5@ashokleyland,(om I Website: wWV/,(lshokl eyland,(olll For queries, write to U’i at: 3Isi’l cs@~ and m HINDUJA GROUP ~ ASHOK LEYLAND KOl Manzi/ Door Nahin Owing to continued improvement in Company’s fiscal performance and a positive outlook for the balance half of the year, the Board has recommended an Interim Dividend of Rs. 2/- per share on Face value of Re 1/-.