Ashok Leyland Q2 FY27: Revenue +35%, Profit ₹869 Cr

🚛 Ashok Leyland ASHOKLEY Q2 FY27 is out — record CV volumes and revenue up 35%, but margins got squeezed. Here's what the numbers say 👇 ✅ Consolidated revenue: ₹17,030 Cr vs ₹12,577 Cr (+35% YoY) ✅ Standalone net profit: ₹869 Cr (+13% YoY); consolidated PAT ₹891 Cr (+9%) ✅ Total CV volumes: 64,677 units (+32%); MHCV 37,958 units (+44%) vs industry ~39% ✅ Domestic truck market share up 1.5 pts to 31.5% (ex-Defence) ✅ Standalone EBITDA ~₹1,350 Cr, but margin fell to 10.1% from 12.1% as raw material costs rose ~47% ✅ Net cash improved to ₹3,546 Cr vs ₹990 Cr a year ago ✅ Interim dividend ₹1/share, record date 20 Nov 2026 ✅ Watch point: auditors disclaimed a conclusion on consolidated numbers due to loan-balance reconciliation issues at Hinduja Leyland Finance 📌 Key learning: strong volume growth does not always mean equal profit growth — input costs and subsidiary quality matter just as much. 💬 Your view: is the CV upcycle strong enough to offset margin pressure? Share in the comments! 📲 For daily market notes, search "Neha Gupta SEBI RA" on Telegram and join the FREE channel. Neha Gupta | SEBI Registered Research Analyst | Reg. No. INH000016542 ⚠️ Disclaimer: This content is for educational purposes only and is not investment advice or a buy/sell recommendation. Investments in the securities market are subject to market risks. Read all related documents carefully before investing.