Q2 2026 Ashok Leyland Ltd Earnings Call Transcript

Nov 12, 2025 / 11:15 AM GMT

Release Date Price: ₹142.53 (-2.40%)

Transcript

Key Points

Positve

Ashok Leyland Ltd (BOM:500477) reported a 9.3% year-over-year increase in revenue for Q2, reaching INR 9,588 crores.
The company's EBITDA for Q2 reached a record level of INR 1,162 crores, marking a 14.2% increase year-over-year.
Export volumes for Q2 increased by 45% year-over-year, with significant growth in markets such as GCC, Africa, and SAR.
The company has successfully passed on AC cabin-related cost hikes to customers, maintaining margin stability.
Ashok Leyland Ltd (BOM:500477) is expanding its product portfolio with new electric and heavy-duty truck models, enhancing its market position.

Negative

Material costs as a percentage of revenue remained high at 71.2%, indicating ongoing cost pressures.
The company's working capital has increased, resulting in negative operating cash flow for the quarter.
There is uncertainty regarding the impact of GST 2.0 on discounting trends and overall demand patterns.
The domestic truck market share has decreased from 60% to 50%, indicating increased competition.
Concerns remain about the potential impact of input credit issues on organized fleet operators.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ASOK.NS - Ashok Leyland Ltd
Q2 2026 Ashok Leyland Ltd Earnings Call
Nov 12, 2025 / 11:15AM GMT

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Presentation
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Unidentified_1 [1]
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Gentlemen, good day and welcome to the Ashok Lele Limited 22 FY26 conference hosted by BNP Paribaut.

Private Limited, as a reminder, all the participants will be in the only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing then 0 on your touchstone phone. Please note that this conference is being recorded. And Now hand the conference over to Mr. Kumar Rakesh. Over to you, sir.

Thank you, Angelique and.

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Unidentified_2 [2]
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