Ashok Leyland reported a record Q1 FY '25, with significant growth in commercial vehicle volumes and financial metrics. The company retained a strong market share while focusing on profitability and operational efficiency.

Strong performance with record financial results.

Management Tone: Optimistic

Performance Overview

Business Progress

Future Outlook

Financial Highlights
PAT: Rs. 526 crores, highest ever for Q1
EBITDA: Rs. 911 crores, up 11% YoY
Revenue: Rs. 911 crores, up 5% YoY
Total Commercial Vehicle Volumes: 43,893 units, up 6% YoY

Operational Excellence
MHCV industry volumes grew by 10% in Q1.
Ashok Leyland's market share in MHCV retained at 31%.
LCV volumes increased by 4% YoY.

Key Achievements
Launched eLCV models IeV 4 and IeV 3, receiving positive customer feedback.
Export volumes grew by 5% in Q1.

Strategic Updates
OHM subsidiary managing electric bus operations in multiple cities.
Focus on developing Centers of Excellence for advanced vehicle technologies.

Future Guidance
Expect continued growth in both truck and bus segments.
Aim for mid-teen EBITDA margin in the midterm.

Strategic Priorities
Enhance product pipeline with new launches.
Focus on profitability without discounting products.

Risk Factors
Potential volatility in material costs and market demand.

Ashok Leyland Limited