Ashok Leyland posts 13% profit jump despite market decline

Ashok Leyland reported net profit rose 13% to INR 594 crore in Q1 FY26, with revenue up 1.5% to INR 8,725 crore despite industry volume declines.

The company gained domestic market share, reaching 31.1% in medium and heavy commercial vehicles and 12.9% in light commercial vehicles. Export volumes surged 29% to 3,011 units.

Ashok Leyland's defense order pipeline exceeds INR 1,000 crore, while aftermarket revenues grew 8% and power solutions business revenue jumped 28.5%.