Ashok Leyland quarterly results and financials

Ashok Leyland (ASHOKLEY)₹174.86−1.76%(9 Nov 2026 close)Commercial Vehicles

Key facts

In the Jun 2026 quarter (consolidated), Ashok Leyland reported sales of ₹13,014 Cr, up 11.6% from Jun 2025, and net profit of ₹669 Cr, up 1.6% year on year. For the year to Mar 2026, sales were ₹48,147 Cr and net profit ₹3,727 Cr.

Sales (Jun 2026): ₹13,014 Cr
Net profit (Jun 2026): ₹669 Cr
Sales (FY Mar 2026): ₹48,147 Cr
Net profit (FY Mar 2026): ₹3,727 Cr
EPS (Jun 2026): ₹1.06
Borrowings (Mar 2026): ₹64,104 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

Ashok Leyland quarterly results

₹ crore unless stated; each column is a quarter.

Ashok Leyland Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	11,388	11,048	13,487	10,678	11,107	11,948	14,644	11,666	12,526	14,783	17,186	13,014
Expenses	9,532	9,108	10,939	8,830	9,080	9,635	11,672	9,510	10,106	11,969	13,906	10,629
Operating Profit	1,867	1,958	2,563	1,866	2,038	2,334	2,986	2,170	2,436	2,817	3,305	2,407
OPM %	16.0%	18.1%	19.0%	17.1%	18.0%	19.0%	20.0%	19.1%	19.0%	19.0%	19.0%	18.0%
Other Income	−1.01	46.17	10.04	36.16	246	75.32	22.08	103	103	−140	187	196
Interest	713	781	827	902	959	1,009	1,050	1,110	1,149	1,198	1,237	1,337
Depreciation	228	242	234	236	245	269	341	274	269	283	315	316
Profit before tax	929	985	1,519	766	1,079	1,133	1,623	893	1,125	1,201	1,942	951
Tax %	39.0%	38.0%	38.0%	28.0%	29.0%	28.0%	23.0%	26.0%	27.0%	28.0%	29.0%	30.0%
Exceptional items	−23.90	7.97	−40.81	2.99	79.68	1.99	−65.75	0.00	−27.87	−221	−13.94	0.00
Net Profit	570	609	935	552	768	820	1,248	659	821	863	1,383	669
EPS (Rs)	0.91	0.96	1.46	0.88	1.21	1.31	1.93	1.05	1.30	1.39	2.21	1.06

Ashok Leyland profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Ashok Leyland Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	21,172	22,795	29,516	33,074	21,885	19,395	26,153	41,523	45,516	42,184	48,147	57,511
Expenses	18,220	19,767	25,323	28,216	18,662	16,940	23,389	36,502	37,723	39,216	45,513	46,610
Operating Profit	2,973	3,041	4,244	4,903	3,229	2,460	2,760	5,089	7,844	3,001	2,695	10,965
OPM %	14.0%	13.0%	14.1%	15.0%	15.0%	13.0%	11.1%	12.0%	17.0%	7.0%	6.0%	19.1%
Other Income	−322	408	191	140	57.25	208	−231	170	161	6,630	8,338	346
Interest	922	1,046	1,225	1,498	1,796	1,895	1,863	2,088	2,974	3,918	4,690	4,920
Depreciation	526	575	648	678	753	838	868	903	930	1,091	1,142	1,183
Profit before tax	1,210	1,833	2,570	2,876	740	−67.05	−200	2,274	4,115	4,602	5,160	5,219
Tax %	41.0%	11.0%	29.0%	24.0%	38.0%	4.0%	43.0%	40.0%	34.0%	26.0%	28.0%	—
Exceptional items	−235	50.78	22.92	38.82	−19.91	23.92	−411	51.80	−5.97	112	−170	−263
Net Profit	713	1,634	1,817	2,197	460	−70.03	−285	1,363	2,698	3,389	3,727	3,736
EPS (Rs)	1.21	2.80	3.02	3.55	0.58	−0.29	−0.62	2.12	4.24	5.30	5.93	5.96
Dividend payout %	40.1%	28.1%	40.1%	44.1%	44.1%	−106.9%	−81.9%	62.1%	59.1%	59.1%	59.1%	—

Ashok Leyland balance sheet

₹ crore, at each year end.

Ashok Leyland Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	285	285	285	293	294	294	294	294	294	294	294	587
Reserves	4,239	4,993	6,119	7,155	8,477	7,510	7,591	7,027	8,286	8,735	11,969	13,686
Borrowings	9,091	11,085	13,187	15,848	19,214	22,480	24,161	24,225	31,270	40,904	50,096	64,104
Other Liabilities	5,982	5,778	7,014	10,122	11,158	7,886	10,074	12,067	14,898	17,703	19,259	22,419
Total Liabilities	19,597	22,140	26,605	33,419	39,143	38,170	42,119	43,614	54,747	67,636	81,619	1,00,796
Fixed Assets	6,515	5,881	6,575	6,588	6,683	8,023	8,476	7,878	8,122	8,142	8,827	10,420
CWIP	217	87.15	244	440	679	575	337	240	268	416	578	943
Investments	1,496	1,030	1,930	4,379	1,489	959	1,094	2,650	4,847	2,325	6,597	7,456
Other Assets	11,369	15,143	17,855	22,012	30,292	28,614	32,214	32,845	41,510	56,754	65,617	81,978
Inventories	1,655	1,920	2,957	2,213	3,076	1,548	2,496	2,540	3,441	4,008	3,988	4,669
Trade receivables	1,337	1,457	1,235	1,173	2,713	1,502	3,015	3,260	4,176	3,892	3,340	3,080
Cash & equivalents	905	1,716	1,064	1,231	1,776	2,233	1,779	2,137	2,185	7,075	7,253	10,745
Total Assets	19,597	22,140	26,605	33,419	39,143	38,170	42,119	43,614	54,747	67,636	81,619	1,00,796

Ashok Leyland cash flow

₹ crore, for each year.

Ashok Leyland Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	95.26	−1,279	271	1,467	−3,756	384	−1,068	2,853	−4,513	−6,282	129	−4,911
Cash from investing activity	−124	458	−1,683	−3,174	1,904	−1,205	−977	−1,925	−2,914	1,140	−5,785	−7,010
Cash from financing activity	779	1,655	736	1,898	2,389	1,236	1,327	−377	7,260	8,404	6,935	11,587
Net cash flow	752	841	−668	205	549	421	−707	550	−122	3,309	1,328	−264
Capex	250	261	447	649	1,122	1,346	749	507	926	1,131	1,642	2,935
Free cash flow	162	−1,333	−166	824	−4,846	−942	−1,794	2,446	−5,364	−7,356	−1,472	−7,727
CFO / OP %	13.9%	−25.1%	24.0%	47.9%	−61.1%	18.9%	−45.1%	104.9%	−77.1%	−69.1%	43.0%	−129.1%

Ashok Leyland ratios

Working-capital days and returns, by year.

Ashok Leyland Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	30	24	19	13	29	24	56	44	36	30	28	22
Inventory days	59	51	74	43	53	43	77	54	45	51	50	51
Days payable	107	70	84	95	87	89	161	149	95	84	98	99
Cash conversion cycle	−20	4	7	−40	−7	−23	−31	−53	−17	−5	−22	−27
Working capital days	−41	−23	−21	−54	−13	−31	−44	−52	−34	−45	−37	−49
ROCE %	8.0%	17.0%	15.0%	17.0%	15.9%	8.9%	5.0%	6.0%	10.9%	15.0%	13.9%	14.0%

Ashok Leyland: frequently asked questions

What are the latest quarterly results of Ashok Leyland?

For the Jun 2026 quarter, Ashok Leyland reported sales of ₹13,014 Cr, up 11.6% year on year and net profit of ₹669 Cr, up 1.6% year on year. The operating margin was 18.0%.

What is the annual revenue of Ashok Leyland?

Ashok Leyland's sales for the year to Mar 2026 were ₹48,147 Cr; over the last twelve months they were ₹57,511 Cr.

What is the net profit of Ashok Leyland?

Net profit for the year to Mar 2026 was ₹3,727 Cr, and ₹3,736 Cr over the last twelve months. Earnings per share over the same trailing period were ₹5.96.

How much debt does Ashok Leyland have?

Ashok Leyland reported borrowings of ₹64,104 Cr at Mar 2026, against cash and equivalents of ₹10,745 Cr.

What is the free cash flow of Ashok Leyland?

Cash from operations was −₹4,911 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹7,727 Cr.

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