Ashok leyland reported a 32% YoY increase in its standalone net profit to ₹ 762 crore in the Q3FY25 compared to ₹ 575 crore in the same period last year. In the preceding September quarter, the net profit stood at ₹ 770 crore.
The company's standalone revenue grew by 2.7% YoY to ₹ 9,478 crore, up from ₹ 9,273 crore in the year-ago period.
Margins Stood at 12.8% VS 12% last year
Ashok leyland achieved export volume of 4,151 units in Q3 FY25 as against 3,128 units in the same period last year, registering a growth of 33%.
Management commentary
Commenting on the December quarter numbers, Mr. Dheeraj Hinduja, Executive Chairman, Ashok Leyland, said “The steady progress we are making in profitability is backed by products that deliver superior performance coupled with robust customer engagement. Sales in international markets are showing strong growth, and we expect this momentum to accelerate with the launch of new products.”
"We are also continuing to invest in battery electric and alternate fuel products to maintain our technology leadership position. Switch has a healthy order book and has plans to come out with a series of products in the next 12 months," he added.
Shares of Ashok leyland Surges 6% After Results
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Sensexnifty. We advise investors to check with certified experts before taking any investment decisions.