In Q3FY25, export volume increased 33 per cent YoY to 4,151 units in Q3FY25 against 3,128 units in the same period last year
Pune: Hinduja Group flagship firm Ashok Leyland, India’s second largest manufacturer of commercial vehicles, on Wednesday posted an all-time high Q3 net profit of Rs 762 crore, an increase of 31 per cent over the same period last year.
The maker of trucks and buses also recorded all-time high December revenues of Rs 9,479 crore, as against Rs 9,273 crore in Q3FY24.
In Q3FY25, export volume increased 33 per cent YoY to 4,151 units in Q3FY25 against 3,128 units in the same period last year.
The earnings before interest, tax, depreciation and amortization (EBITDA) grew 8.7 per cent year-on-year (YoY) to Rs 1,211 crore and margins improved to 12.8 per cent from 12.0 per cent.
The company said it registered double-digit percentage EBITDA for the 8th consecutive quarter.
Ashok Leyland's domestic medium and heavy-duty commercial vehicle (MHCV) market share continues to be over 30 per cent. The company also has maintained market leadership in the bus segment.
The automaker said it had turned cash positive at end of the third quarter with a net cash of Rs 958 crore as against net debt of Rs 1,747 crore at end of Q3’FY24.
“The steady progress we are making in profitability is backed by products that deliver superior performance coupled with robust customer engagement,” said Dheeraj Hinduja, Executive Chairman at Ashok Leyland.
He said sales in international markets are showing strong growth, and the brand expects this momentum to accelerate with the launch of new products.
“Relative to Q2, the MHCV market has revived significantly in Q3, and is expected to improve further as we enter the last quarter,” noted Shenu Agarwal, MD & CEO at Ashok Leyland.
“Our focus remains on profitable growth through product premiumization, cost leadership, better service reach and enhanced value-added services,” he said.
Agarwal said the company remains optimistic about the growth of the CV industry in the medium and long term as macroeconomic factors continue to be favorable.
