ASHOKLEY

Sales volume for September 2025 surged 9% year-on-year, led by strong light commercial vehicle and domestic performance. Profitability is set to improve, with EBITDA projected to rise 13% YoY to ₹1,151 crore and EBITDA margins expanding sequentially and YoY, targeting the mid-teen range. the September 2025 quarter results should reinforce Ashok Leyland’s position as a sector outperformer.