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Ashok Leyland Q1 revenue rises 10.4%, but margin pressure tempers record volumes
Ashok Leyland posted record Q1 vehicle volumes and revenue, but EBITDA margin fell on higher material costs. Brokerages mostly raised targets, citing durable commercial-vehicle demand, price hikes and potential second-half margin recovery, while warning of near-term commodity pressure.
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Reported figures
From the report. Source details below
| Q1 commercial vehicle volume: | 48,763 units, up from 44,238 |
|---|---|
| Revenue: | Rs 9,634 crore, up 10.4% YoY |
| Net profit: | Rs 609 crore, up 2.5% YoY |
| EBITDA: | Rs 970 crore |
| EBITDA margin: | 10.1%, versus 11.1% a year earlier |
| Net cash: | Rs 2,252 crore, improvement of Rs 1,432 crore YoY |
| MHCV price hikes: | 225 basis points in FY27 |
| LCV price hikes: | more than 350 basis points in FY27 |
The source
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